Home Page> Industry Information> Suspected Insider Trading, Canyon Bridge Chinese Executives Were Convicted In The United States
Form： laoyaoba.com 2018/4/26 Browse：4794 Keywords: Canyon Bridge Chinese senior executives
Sina Technology News Beijing time in April 25th morning news, New York prosecutor said that the U.S. Court has decided that a private Holdings Company in the process of trying to buy a semiconductor in the process of insider trading.
The office of Geoffrey Berman, the US prosecutor, said the jury in the federal court of Manhattan has ruled that the securities fraud and conspiracy of the co founder of Canyon Bridge Capital Partners (Benjamin Chow) was convicted of a conspiracy. Us magistrate Gregory Woods (Gregory Woods) will be sentenced in August 20th.
Benjamin Zhou's attorney has not yet responded to this.
"Although we already know this conclusion, there is no opportunity to assess the court's decision," Canyon Bridge said in an e-mail. We will assess the situation. "
The prosecutor alleges that, as a Chinese born citizen, Benjamin told a friend in 2016 that Canyon Bridge planned to buy the Oregon State of the Lei Di's semiconductor. The deal was not announced at the time. The friend made a profit of about 5 million dollars.
In another lawsuit filed last year by the securities and Exchange Commission (SEC), Benjamin Yin's friend was exposed to Michael Yin. The latter was a senior manager of a private equity fund in Hongkong and then became a hedge fund manager.
In September last year, President Trump stopped trading in Canyon Bridge's acquisition of Lai's semiconductor.
Subsequently, Canyon Bridge eyed the takeover targets outside the United States. Last year, the fund bought British chip maker Imagination Technologies at a price of 550 million pounds (US $718 million). However, this transaction does not include Imagination's subsidiary, the US chip design company MIPS. MIPS was previously sold to another investment company.
According to Canyon Bridge's website, Benjamin Zhou had previously been responsible for private Holdings Company Huaping's investment in Asia's semiconductor industry. Two business partners said Benjamin Zhou was from Tianjin.