FWD Life Insurance, controlled by Richard Li Tzar-kai, is said to be selling 118 million fund units of HKT Trust at up to HK$9.30 per unit. Photo: Oliver Tsang
FWD Life Insurance, controlled by Richard Li Tzar-kai, is said to be selling 118 million fund units of HKT Trust at up to HK$9.30 per unit. Photo: Oliver Tsang

Richard Li's insurance firm gains, while HKT shares fall in HK$1b deal

Insurer plays down deal, calling it part of a 'normal rebalancing of investment portfolio'

FWD Life Insurance, controlled by Richard Li Tzar-kai, is said to be selling 118 million fund units of HKT Trust at up to HK$9.30 per unit. Photo: Oliver Tsang
FWD Life Insurance, controlled by Richard Li Tzar-kai, is said to be selling 118 million fund units of HKT Trust at up to HK$9.30 per unit. Photo: Oliver Tsang
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