In order to protect the interests of many minority shareholders, the securities law has carried out necessary restrictions and supervision on the behavior of large shareholders buying and selling the company shares they hold within the statutory time limit. Because the major shareholder has more voting rights in deciding major issues of the company, it is an insider of the company's operation as stipulated in the Securities Law. In order to prevent it from taking advantage of its dominant position of holding a large proportion of shares, it will affect the company's share price through frequent trading of company shares and harm the interests of other minority shareholders. The Securities Law specifically stipulates that shareholders who hold more than 5% of shares buy and sell stocks in the opposite direction, and the proceeds from the stock exchange are the underwriting of stock issuance by securities companies, and they hold more than 5% of shares because of underwriting the remaining shares after sale.
If you need to know about the stock market, you can log on to Ping An Pocket Bank APP- Finance-Stock Futures-Securities Service for information.
Tips:
1. The above contents are for reference only and do not make any suggestions.
2. There are risks in entering the market, so investment needs to be cautious. Before making any investment, make sure that you fully understand the investment nature and risks involved in the product, and then judge whether to participate in the transaction by yourself after carefully understanding and evaluating the product.
Reply time: 2022-0 1- 19. Please refer to the latest business changes announced by Ping An Bank in official website.