International insurance deal made by son of Asia’s richest man

International Insurance fund news

Richard Li, Hong Kong tycoon, has acquired three units of ING for $2.1 billion Younger son of the richest man in Asia, and businessman in his own right, Richard Li, is making international insurance news by purchasing three the coverage units of ING Hong Kong, Thailand, and Macau, in a cash acquisition of $2.14 billion in cash. The Dutch financial services firm has now advanced significantly toward paying off its bailout. ING has been taking dramatic steps in order to try to pay back its state bailout funds, and the…

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