Hong Kong wealthy person Richard Li’s FWD Crew Holdings landed a $400 million funding as a part of the Asian insurer’s plans for a multibillion-dollar U.S. record.

The capital will come by way of a non-public placement to a unit of Athene Maintaining Ltd. , an insurance company subsidized through U.S. funding massive Apollo World Control Inc., consistent with a submitting. The percentage sale will probably be performed on the similar value as FWD’s deliberate preliminary public providing.



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here