Shanying International: Actual Controller and Chairman Wu Mingwu Placed Under CSRC Investigation for Suspected Insider Trading and Short-Swing Trading

36Kr learned that Shanying International announced on November 3 that its actual controller and chairman, Wu Mingwu, received a Notice of Case Filing from the China Securities Regulatory Commission (CSRC). The CSRC has decided to open an investigation into him over suspected insider trading and short-swing trading. The investigation targets Wu personally and is unrelated to the company's daily operations and business activities, and it will not affect the company's production or operations.