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Yingke Development responds to rumors of FW Insurance's share sale that Li Zekai will maintain his controlling interest. The industry does not expect the company to re-apply for listing in the short term
Financial Services Association, Feb. 19 (Reporter Xia Shuyuan) After delaying the listing of FWD Group (FWD Group), an insurance company owned by PCCW (00008.HK) Chairman Li Zekai, it was reported last week that it was considering selling shares, with a valuation of over $10 billion.
Li Zekai may consider selling shares after “Fuwei”'s listing was delayed, with a valuation of over US$10 billion
FW Group applied for a US$325 million bond listing on the Hong Kong Stock Exchange
On December 6, FWD Group Holdings Limited (FWD Group Holdings Limited, “FWD Group” for short) issued an announcement stating that it has applied to the Hong Kong Stock Exchange Limited for approval of the listing of $325,000,000 bonds for sale only to professional investors (as defined in section 37 of the Hong Kong Stock Exchange Limited stock listing rules). Details are set out in the relevant offering circular dated March 31, 2023, supplementary relevant offering circular dated August 31, 2023, and November 30, 2023 Pricing supplement.
Fuwei Group continued to achieve strong organic growth in the first half of the year
(Financial report, August 31, 2023) FWF Group Limited announced the latest information and additional information, including FWG's results for the first half of 2023, in an announcement made to the Hong Kong Stock Exchange Limited on its Global Medium-Term Note Plan. As stated in the document, FWG continued to achieve strong organic growth in the first half of 2023, with new business value reaching US$482 million, an increase of 22% year-on-year.
Fitch: Assigns “BBB” rating to FW Group's Global Medium Term Note Program
On August 25, Fitch awarded FWD Group Holdings Limited (“FWD Group” for short, Issuer Default Rating (IDR): BBB+/ Stable) for the Global Medium Term Note Program a “BBB” rating.
Fuwei Group's new Q1 business value reached US$247 million, up 35% year-on-year
The Zhitong Finance App learned that on June 6, FWD Limited and FWD Group Limited, a consolidated subsidiary of FWD Group, announced the latest information and additional information to the Hong Kong Stock Exchange in their listed notes and perpetual securities, including FWD Group's results for the first quarter of 2023.
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