Well Advantage

Shares of China Rongsheng and Glorious Property fall after chairman Zhang Zhirong quits

Zhang Zhirong

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

Chairman steps down after insider settlement

Zhang Zhirong

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

Business Digest, November 13, 2012

Lai Sun Garment (International) chairman Peter Lam Kin-ngok

Well Advantage, SEC to settle Nexen case

13 Nov 2012 - 6:09am

Zhang Zhirong pays US$14m to settle US insider case

Zhang Zhirong profited from CNOOC's takeover bid. Photo: Reuters

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