Shares of China Rongsheng Heavy Industries and Glorious Property fell sharply yesterday after their chairman, Zhang Zhirong, quit.
Zhang's resignation fuelled investors' concerns about the firms' operations and financial condition.Wednesday, 28 November, 2012, 2:37am
Mainland billionaire Zhang Zhirong has resigned as chairman of two Hong Kong-listed companies, shortly after a court approved a US$14 million settlement of an insider trading case by an investment firm he owns.27 Nov 2012 - 3:21am
Well Advantage, SEC to settle Nexen case13 Nov 2012 - 6:09am
Well Advantage, a Hong Kong company controlled by Zhang Zhirong, agreed to pay US$14 million to resolve United States regulatory claims that it profited from illegal trades before CNOOC's announcement that it would buy Nexen.21 Oct 2012 - 7:31pm