Tuesday, November 13, 2012

Business Digest, November 13, 2012





Well Advantage, SEC to settle Nexen case


A New York court has approved a deal between Well Advantage, a company indirectly owned by China Rongsheng Heavy Industries non-executive director Zhang Zhirong, and the US Securities and Exchange Commission, over alleged insider dealing involving shares of Canadian energy company Nexen. Well Advantage, which will pay US$14.24 million, did not admit or deny the share trading allegations. Keith Wallis


Leucadia to purchase Jefferies for US$2.76b









via Business feed http://www.scmp.com/business/china-business/article/1081182/business-digest-november-13-2012

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