18 Feb Pacific Century Group downplays FWD stake sale, says IPO will come at ‘opportune time’
Posted at 14:17h
in Asia
FWD Group Holdings, a Hong Kong-based insurance business controlled by billionaire Richard Li Tzar-kai, said Li would maintain his control of the company amid speculation it was considering a potential stake sale worth over US$10 billion after a delayed initial public offering (IPO).FWD’s parent company...