The nation's financial regulator said yesterday it will hand over the alleged insider trading case involving Hsinchu International Bank shares (
Financial Supervisory Commission chairman Shih Jun-ji (
Shih said the commission's screening system found that the volume of abnormal trading totaled up to 40 million shares and was estimated at NT$400 million (US$12.4 million) since the end of August.
Standard Chartered said on Sept. 29 that it would buy up to a maximum 100 percent stake in Hsinchu International for US$1.2 billion.
According to the commission's statistics, shares of Hsinchu International grew by 30 percent between Sept. 13 and Sept. 29.