Xinli Financial Receives Inquiry Letter: Request to clarify whether there is any insider information leakage

Securities Times e company news, Xinli Financial (600318) announced on the evening of November 28 that the company received an inquiry letter issued by the Shanghai Stock Exchange. The day before the company’s suspension and reorganization planned to acquire BAK Dynamics, the stock price rose at a limit, and the company’s stock price increase in the 20 trading days before the plan disclosed exceeded the relevant standard of 20%. The Shanghai Stock Exchange requires companies to supplement the disclosure of the specific process of planning major matters before trading suspension, including contact, negotiation, signing of agreements and other major nodes and relevant personnel who participated in the knowledge, and explain whether there is any insider information leakage.