News Snapshot:
Asian insurer FWD Group has raised $200 million in new funds ahead of its planned Hong Kong initial public offering (IPO), according to two sources with direct knowledge of the matter. The sources could not be named as the information had not yet been made public. FWD Group declined to comment. Two new investors, ORIX Corp and Huatai Securities Co, participated in the private placement, the sources said. ORIX declined to comment and Huatai did not respond to a request for comment from Reuters. The deal means Richard Li-backed FWD Group raised $1.6 billion in the past month after the...
