While FWD plans to grow its stake in BRI Life gradually, state-controlled Bank Rakyat will remain the majority shareholder. Photo: ShutterstockWhile FWD plans to grow its stake in BRI Life gradually, state-controlled Bank Rakyat will remain the majority shareholder. Photo: Shutterstock
While FWD plans to grow its stake in BRI Life gradually, state-controlled Bank Rakyat will remain the majority shareholder. Photo: Shutterstock

Richard Li’s FWD to buy stake in Indonesian life insurer for about US$300 million

  • Deal shows FWD’s financial strength to rating agencies wary of Covid-19 impact, CEO says
  • FWD is still waiting for licence to operate a majority-owned joint venture in mainland China
Topic |   Richard Li Tzar-kai
While FWD plans to grow its stake in BRI Life gradually, state-controlled Bank Rakyat will remain the majority shareholder. Photo: ShutterstockWhile FWD plans to grow its stake in BRI Life gradually, state-controlled Bank Rakyat will remain the majority shareholder. Photo: Shutterstock
While FWD plans to grow its stake in BRI Life gradually, state-controlled Bank Rakyat will remain the majority shareholder. Photo: Shutterstock
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