London Daily

Focus on the big picture.
Tuesday, Sep 16, 2025

A major shareholder sold shares in 'fat-finger' error, making this the third case involving Chinese company in a week

A major shareholder sold shares in 'fat-finger' error, making this the third case involving Chinese company in a week

Shenzhen Changfang Group said in a security filing a major shareholder sold 16,000 shares by accident on Friday. This is China's third case of fat-finger in one week. The company said shareholder Nie Xianghong acting on behalf of investor Li Dichu picked the wrong ticker. Sany Heavy Industry, and TCL Technology Group also reported fat-finger errors in the week.
The fat-finger is to blame again. This time Shenzhen Changfang Group said a shareholder accidentally sold 16,000 shares on Friday, the third such "fat finger" incident involving a Chinese company in a week.

The professional manufacturer of LED lighting products said Nie Xianghong, a shareholder acting on behalf of investor Li Dichu, erroneously sold 16,000 shares on Friday by putting in the wrong ticker, a regulatory filing on Sentieo, a financial-research site showed.

Filings show after the sale Xianghong held 6.6 million shares.

This follows a trading error by Sany Heavy Industry and Co on Thursday which saw stakeholder Mao Zhongwu offloading 96,700 shares, Bloomberg reported Monday.

Before that a trader at TCL Technology Group accidentally sold 5 million shares. A security filing Tuesday showed chairman and founder Li Dongsheng had apparently sold the shares and bought them back two hours later at a profit of $21,000.

Shenzhen Changfang Group's share price has surged 158% in the last month from 2.68 ($0.39) yuan to 6.92 yuan ($1.01) as of 7:17 am. ET.

Fat-finger trades are the result of human error in hitting a wrong key on a keyboard. Sometimes, their market impact can be powerful.

A number of apparent fat-finger trades in quick succession may make it hard to determine if these are intentional or down to human error

Lv Changshun, an analyst at Beijing Zhonghe Yingtai Management Consultant Co told Bloomberg: "The way I picture this happened was that these executives wanted to test whether it was possible to sell their shares in the open market."

Changshun added: "Call them mistakes, but they were done on purpose. The executives naturally have an urge to take profit."
Newsletter

Related Articles

0:00
0:00
Close
U.S. and Britain Poised to Finalize Over $10 Billion in High-Tech, Nuclear and Defense Deals During Trump State Visit
China Finds Nvidia Violated Antitrust Laws in Mellanox Deal, Deepens Trade Tensions with US
US Air Force Begins Modifications on Qatar-Donated Jet Amid Plans to Use It as Air Force One
Pope Leo Warns of Societal Crisis Over Mega-CEO Pay, Citing Tesla’s Proposed Trillion-Dollar Package
Poland Green-Lights NATO Deployment in Response to Major Russian Drone Incursion
Elon Musk Retakes Lead as World’s Richest After Brief Ellison Surge
U.S. and China Agree on Framework to Shift TikTok to American Ownership
London Daily Podcast: London Massive Pro Democracy Rally, Musk Support, UK Economic Data and Premier League Results Mark Eventful Weekend
This Week in AI: Meta’s Superintelligence Push, xAI’s Ten Billion-Dollar Raise, Genesis AI’s Robotics Ambitions, Microsoft Restructuring, Amazon’s Million-Robot Milestone, and Google’s AlphaGenome Update
Le Pen Tightens the Pressure on Macron as France Edges Toward Political Breakdown
Musk calls for new UK government at huge pro-democracy rally in London, but Britons have been brainwashed to obey instead of fighting for their human rights
Elon Musk responds to post calling for the murder of Erika Kirk, widow of Charlie Kirk: 'Either we fight back or they will kill us'
Czech Republic signs €1.34 billion contract for Leopard 2A8 main battle tanks with delivery from 2028
USA: Office Depot Employees Refused to Print Poster in Memory of Charlie Kirk – and Were Fired
Proposed U.S. Bill Would Allow Civil Suits Against Judges Who Release Repeat Violent Offenders
Penske Media Sues Google Over “AI Overviews,” Claiming It Uses Journalism Without Consent and Destroys Traffic
Indian Student Engineers Propose “Project REBIRTH” to Protect Aircraft from Crashes Using AI, Airbags and Smart Materials
French Debt Downgrade Piles Pressure on Macron’s New Prime Minister
US and UK Near Tech, Nuclear and Whisky Deals Ahead of Trump Trip
One in Three Europeans Now Uses TikTok, According to the Chinese Tech Giant
Could AI Nursing Robots Help Healthcare Staffing Shortages?
NATO Deploys ‘Eastern Sentry’ After Russian Drones Violate Polish Airspace
Anesthesiologist Left Operation Mid-Surgery to Have Sex with Nurse
Tens of Thousands of Young Chinese Get Up Every Morning and Go to Work Where They Do Nothing
The New Life of Novak Djokovic
The German Owner of Politico Mathias Döpfner Eyes Further U.S. Media Expansion After Axel Springer Restructuring
Suspect Arrested: Utah Man in Custody for Charlie Kirk’s Fatal Shooting
In a politically motivated trial: Bolsonaro Sentenced to 27 Years for Plotting Coup After 2022 Defeat
German police raid AfD lawmaker’s offices in inquiry over Chinese payments
Turkish authorities seize leading broadcaster amid fraud and tax investigation
Volkswagen launches aggressive strategy to fend off Chinese challenge in Europe’s EV market
ChatGPT CEO signals policy to alert authorities over suicidal youth after teen’s death
The British legal mafia hit back: Banksy mural of judge beating protester is scrubbed from London court
Surpassing Musk: Larry Ellison becomes the richest man in the world
Embarrassment for Starmer: He fired the ambassador photographed on Epstein’s 'pedophile island'
Manhunt after 'skilled sniper' shot Charlie Kirk. Footage: Suspect running on rooftop during panic
Effective Protest Results: Nepal’s Prime Minister Resigns as Youth-Led Unrest Shakes the Nation
Qatari prime minister says Netanyahu ‘killed any hope’ for Israeli hostages
King Charles and Prince Harry Share First In-Person Moment in 19 Months
Starmer Establishes Economic ‘Budget Board’ to Centralise Policy and Rebuild Business Trust
France Erupts in Mass ‘Block Everything’ Protests on New PM’s First Day
Poland Shoots Down Russian Drones in Airspace Violation During Ukraine Attack
Brazilian police say ex-President Bolsonaro had planned to flee to Argentina seeking asylum
Trinidad Leader Applauds U.S. Naval Strike and Advocates Forceful Action Against Traffickers
Kim Jong Un Oversees Final Test of New High-Thrust Solid-Fuel Rocket Engine
Apple Introduces Ultra-Thin iPhone Air, Enhanced 17 Series and New Health-Focused Wearables
Macron Appoints Sébastien Lecornu as Prime Minister Amid Budget Crisis and Political Turmoil
Supreme Court temporarily allows Trump to pause billions in foreign aid
Charlie Sheen says his father, Martin Sheen, turned him in to the police: 'The greatest betrayal possible'
Vatican hosts first Catholic LGBTQ pilgrimage
×