Zhang Zhirong

Glorious Property gets USD589 million bid from founder

Billionaire Zhang Zhirong offered USD589 million to take Glorious Property Holdings Ltd private, a move is seen as an effort to save a troubled shipbuilder that he founded.

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SEC alleges insider trading ahead of CNOOC-Nexen deal

The U.S. securities regulator filed a complaint in court on Friday against a firm controlled by a Chinese billionaire and other traders.

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