Father and son profited 6 million from insider trading. Wu Zhenlong, the "King of Ximending", was taken back as soon as he landed.

Wu Zhenlong, the former vice chairman of Datong, known as the "King of Ximending", is suspected of using his special assistant surnamed Lai, who is also a director of Elite Computer, to get good news in advance and let his relatives and friends buy stocks. Two of his sons made a profit of more than 6 million yuan. The Taipei District Prosecutor's Office directed the Investigation Bureau to search 11 locations today. Wu arrived at Songshan Airport by flight earlier and was immediately taken back for questioning. His son, Lai Nan and others were also interviewed at the same time.

The investigation revealed that Datong appointed Lai Nan as the legal representative director of its subsidiary Elite Computer. Lai was also Wu Zhenlong's special assistant. He was suspected of using his position as a director to obtain important information that had not yet been made public, and then disclosed it to Wu in advance, allowing Wu's relatives and friends to profit from buying and selling stocks during the trading ban period.

According to the investigation, the transaction involved was divided into two parts. In 2024, Elite planned to increase its holdings of parent company Datong shares for no more than 4 billion yuan. Relevant news was released on January 20 of the same year. However, Lai Nan was suspected of informing Wu Zhenlong in advance and letting Wu's relatives and friends buy and sell Datong shares in advance. Another director named Wang was also suspected of insider trading, making a fabricated profit of about 400,000 yuan.

In June of the same year, Elite also announced the sale of its wholly-owned Suzhou subsidiary. The transaction amount exceeded RMB 200 million. The buyer was Jiangsu Wuzhong Hi-Tech Venture Capital Co., Ltd. When the investigation became suspicious, Lai Nan once again revealed the news to Wu Zhenlong. Wu's two sons were suspected of entering the market in advance to buy and sell elite stocks, making a total profit of more than 6 million yuan.

In January this year, Wu Zhenlong and his son Wu Junyi, who is the director of Lejia Recycling Technology, were investigated by the Shilin District Prosecutor's Office for allegedly buying and selling stocks before the company's major positive news was made public. The inspection and dispatch troops were divided into 14 groups to search and interview the father, son and related personnel. After a late interview, Wu Zhenlong posted a bail of 1 million yuan and was restricted from leaving the country, while Wu Junyi was allowed to return without bail.