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Richard Li shows FWD investors a brighter sunset

HONG KONG, Oct 13 (Reuters Breakingviews) - Hong Kong-based FWD has curbed the ability of its founder’s clan to keep control of the Asia-focused insurer. In an updated prospectus ahead of its expected $2 billion New York float, entrepreneur Richard Li’s supervoting shares will now evaporate if he dies. The filing’s initial iteration could have kept the votes alive for years by letting Li transfer them to an immediate family member.
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Hong Kong tycoon Richard Li's FWD makes U.S. IPO filing public

Sept 24 (Reuters) - Insurance company FWD Group Holdings Ltd, owned by Hong Kong billionaire Richard Li, made its filing for a stock market listing in the United States public on Thursday, revealing a jump in revenue last year. The insurer, which will list through an initial public offering (IPO),...
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