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Third Chinese company has ‘fat finger’ issue, but analyst cries wolf

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Shenzhen Changfang Group said shareholder accidentally sold 16,000 shares by imputing wrong ticker

The skyline at Bejing's central business district in China. Picture: 123RF/SEAN PAVONE

Shenzhen Changfang Group said Nie Xianghong, a shareholder acting in accord with top investor Li Dichu, accidentally sold 16,000 shares on Friday by imputing the wrong ticker. On Thursday, Sany Heavy Industry said its board would fine stakeholder Mao Zhongwu after an unspecified “trading error” led to him offloading 96,700 more shares than he had intended to. Days earlier, the chair of display maker TCL Technology Group said a trader accidentally sold 5-million company shares using his account.

 

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