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FWD Hits Impasse in Entering Mainland CN Insurance Mkt Due to CKH Port Asset Deal: Wire
The overseas port asset deal by CKH HOLDINGS (00001.HK) has wrought dispute which hinders the plan of FWD (01828.HK), led by Richard Li, second son of CKH founder Li Ka-shing, to s...
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FWD Hits Impasse in Entering Mainland CN Insurance Mkt Due to CKH Port Asset Deal: Wire
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The overseas port asset deal by CKH HOLDINGS (00001.HK)  +0.300 (+0.623%)    Short selling $20.88M; Ratio 17.260%   has wrought dispute which hinders the plan of FWD (01828.HK)  -0.150 (-0.393%)   , led by Richard Li, second son of CKH founder Li Ka-shing, to stretch into the Chinese market, Bloomberg reported, quoting people familiar with the matter.

CKH had reportedly announced in early March this year that it was in discussions regarding the transaction of several port assets owned and operated by Hutchison Ports, report said.

At that time, FWD was in the late-stage negotiations for a Chinese insurance license application, but these talks stalled, jeopardized by the port deal.

Prior to this, FWD had been actively expanding in the Asian insurance market, and this setback might affect its strategic deployment in the mainland China market.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-07-16 12:25.)

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