Pursuits
Zhang Companies Drop in Hong Kong as Billionaire Resigns
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China Rongsheng Heavy Industries Group Holdings Ltd. and Glorious Property Holdings Ltd. both declined in Hong Kong trading after billionaire Zhang Zhirong quit as chairman of the companies.
Shipbuilder Rongsheng tumbled 6.7 percent to HK$1.40 at the close in Hong Kong trading, the lowest level since Oct. 19, and real estate developer Glorious fell 3.2 percent, the most in a month, to HK$1.20.