HK tycoon Li-led FWD said to renew Thai bank pact as M&A talks fizzle

HK tycoon Li-led FWD said to renew Thai bank pact as M&A talks fizzle

REUTERS/Athit Perawongmetha

Hong Kong tycoon Richard Li’s FWD Group is poised to renew a distribution deal with Thailand’s TMB Bank Pcl after talks to acquire the life insurance operations of another lender in the country fell apart, people familiar with the matter said.

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