Hong Kong Exchanges and Clearing Limited (HKEx) former chairman Ronald Arculli revealed investment surpassing USD 2 billion for developing service by FWD under Richard Li Tzar Kai, chairman of PCCW Ltd. (SEHK: 0008), seeking opportunity for mergers and acquisitions as well as cooperation. The insurer will also consider applying for service licenses.
Richard Li has reportedly invited Ronald Arculli to be FWD chairman.
Source:
http://www.sinocast.com/readbeatarticle.do?id=101093
