GF Securities (HKG:1776, SHE:000776) reprimanded a relative of an independent director for engaging in short-swing trading, according to a Hong Kong Stock Exchange filing on Wednesday.
Wang Yan, the spouse of independent director Wang Dashu, bought and sold a total of 1,000 shares between Sept. 30 and Nov. 8, earning proceeds worth 1,765.00 yuan.
Wang Yan returned the proceeds to the securities broker. Bourse rules said that a shareholder or senior company official holding more than 5% of the company's shares should return proceeds from the selling of shares bought within six months, the company said.
GF Securities' Hong Kong shares dropped more than 2% in recent trade.
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