Shares in Hanwang Suspended on Insider Trading Allegation

(Beijing) – Chinese e-book reader manufacturer Hanwang Technology Co. (SZSE:002362) had its shares on the Shenzhen Stock Exchange suspended January 16.

The move aggravated investors that said the inquiry introduced more uncertainty in the growth prospects of the company.

On December 22, 2011, the company announced it was under investigation by the China Securities Regulatory Commission. Analysts said the probe was linked to large share sales by senior company executives and a major shareholder.