Latest news with #RichardLi
Reuters
a day ago
- Business
- Reuters
Insurer FWD Group could launch $500 million Hong Kong IPO next week, sources say
SYDNEY, June 19 (Reuters) - Insurer FWD Group plans to launch its Hong Kong initial public offering (IPO) to raise about $500 million as early as next week, said two sources with direct knowledge of the matter. FWD declined to comment on the deal and the sources could not be named as they were discussing confidential information. The insurance group, controlled by Hong Kong billionaire Richard Li, was given approval by the Hong Kong Stock Exchange to proceed with the listing, according to the exchange's website. The deal would be FWD's third attempt to go public after it initially aimed for a New York IPO in 2021 to raise $2 to $3 billion. The insurance group shelved the plan due to lengthy delays in obtaining U.S. regulatory approval. FWD faced questions from the U.S. regulators on its mainland China ties, Reuters reported citing sources, and had been treated by authorities as a Chinese business rather than a Hong Kong entity. It then targetted a Hong Kong IPO in 2022 but put those plans on hold due to volatile global financial markets at the time. Li, the son of Hong Kong's richest person Li Ka-shing, founded FWD in 2013 and controls it via investment arm Pacific Century Group, which has interests in the technology, media, telecoms and property as well as financial sectors. FWD operates in ten markets across Asia, according to its website. It counts Apollo, Swiss RE and GIC, among others as shareholders, according to its regulatory filings.
Yahoo
4 days ago
- Entertainment
- Yahoo
Isabella Leong is now dating Chinese actor Marc Ma?
16 Jun - It was reported that Isabella Leong has finally found new love in the likes of Chinese actor, Marc Ma. The actress was recently photographed holding hands with the "Demi-Gods and Semi-Devils" actor, smiling happily without worrying about paparazzi snapping photos of them together. The two reportedly talked intimately and laughed constantly along the way, interacting sweetly, just like a couple in love. It is noted that Isabella and Marc had been spotted together for the first time in November 2024 while sitting side by side in a cafe in Beijing. It sparked speculation that the two are now dating. Isabella's last known romance was with Hong Kong billionaire Richard Li, whom with she has three sons. The actress even quit her showbiz career to focus on her family life, until they broke up in 2011. She had since returned to acting and also taking care of their three kids. (Photo Source: Isabella IG, ST Headline, Kwong Wah)
Yahoo
13-06-2025
- Business
- Yahoo
MoneyHero Group to Announce First Quarter 2025 Results
SINGAPORE, May 29, 2025 (GLOBE NEWSWIRE) -- MoneyHero Limited (Nasdaq: MNY) ('MoneyHero' or the ' Company'), a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia, today announced that it will release its first quarter 2025 results on Friday, June 13, 2025 before market opens and will hold a related conference call to discuss the results at 8:00 a.m. EDT (or 8:00 p.m. Hong Kong / Singapore time) on the same day. Investors and other interested parties may listen to the call by clicking on the registration link for the webcast or audio conference at: Webcast: call: The webcast replay will be available on the Investor Relations website for 12 months following the event. About MoneyHero Group MoneyHero Limited (NASDAQ: MNY) is a leading personal finance aggregation and comparison platform, as well as a digital insurance brokerage provider in Greater Southeast Asia. The Company operates in Singapore, Hong Kong, Taiwan and the Philippines. Its brand portfolio includes B2C platforms MoneyHero, SingSaver, Money101, Moneymax and Seedly, as well as the B2B platform Creatory. The Company also retains an equity stake in Malaysian fintech company, Jirnexu Pte. Ltd., parent company of Jirnexu Sdn. Bhd., the operator of RinggitPlus, Malaysia's largest operating B2C platform. MoneyHero had over 290 commercial partner relationships as at December 31, 2024, and had approximately 6.2 million Monthly Unique Users across its platform for the three months ended December 31, 2024. The Company's backers include Peter Thiel—co-founder of PayPal, Palantir Technologies, and the Founders Fund—and Hong Kong businessman, Richard Li, the founder and chairman of Pacific Century Group. To learn more about MoneyHero and how the innovative fintech company is driving APAC's digital economy, please visit For inquiries, please contact: Investor Relations:MoneyHero IR TeamIR@ Media Relations:MoneyHero PR TeamPress@ in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
RTHK
09-06-2025
- Science
- RTHK
EMSD cooling system scoops top award in Geneva
EMSD cooling system scoops top award in Geneva The cooling system involves immersing computer parts directly in a non-conductive liquid, with the heat absorbed and dissipated as gas. Photo: RTHK The tracking device doubles as a panic button for people to send a distress signal outdoors. Photo: RTHK The team of EMSD engineers won 12 awards at this year's International Exhibition of Inventions Geneva. Photo: RTHK Richard Li speaks to Carlos Leung on the award-winning cooling system A novel, energy-efficient computer cooling solution jointly developed by two government departments has scooped up a top prize at an international exhibition in Switzerland. The award is one of 12 won by the Electrical and Mechanical Services Department (EMSD) at this year's International Exhibition of Inventions Geneva in April, after it nominated 10 projects. Called the 'two-phase immersion cooling system for high performance computer workstation', it involves placing heat-generating computer components in a bath of non-conductive fluid. The coolant absorbs the heat, which is then dissipated as gas. The system is developed in collaboration with the Civil Aviation Department (CAD). EMSD engineer Richard Li noted that high-performance computers are often housed in air-conditioned rooms, and while the method was effective, it was costly and not environmentally friendly. The new cooling system, by contrast, allows computers to operate in naturally ventilated spaces. The system is already in use at one of the CAD's control tower simulator workstations. 'So after we have this trial project to prove this technology, we would like to extend our application to other users which are applicable, like for data centres or other departments with high-heat generation computers," Li said. The invention won the 'Prize of the Republic and Canton of Geneva', one of seven top awards at the prestigious exhibition. Two other EMSD inventions were awarded a gold medal with the congratulations of jury, including a tracking solution to enhance outdoor activity safety. One potential application, according to project manager Leo Yeung, would be for paragliders to report their whereabouts in emergencies. A compact positioning device is attached to the paraglider, recording the flight path. It doubles as a panic button which the pilot can use to send a distress signal in dire situations. Yeung said the device is waterproof and boasts an extended battery life. "We are planning to optimise the system's features and collaborate with other relevant government departments and organisations to promote the application to other activities such as hiking and water sports. And these allow more outdoor activity participants to benefit from this technology," he told RTHK.
RTHK
09-06-2025
- Science
- RTHK
EMSD cooling system scoops top award in Geneva
EMSD cooling system scoops top award in Geneva The cooling system involves immersing computer parts directly in a non-conductive liquid, with the heat absorbed and dissipated as gas. Photo: RTHK The tracking device doubles as a panic button for people to send a distress signal outdoors. Photo: RTHK The team of EMSD engineers won 12 awards at this year's International Exhibition of Inventions Geneva. Photo: RTHK Richard Li speaks to Carlos Leung on the award-winning cooling system A novel, energy-efficient computer cooling solution jointly developed by two government departments has scooped up a top prize at an international exhibition in Switzerland. The award is one of 12 won by the Electrical and Mechanical Services Department (EMSD) at this year's International Exhibition of Inventions Geneva in April, after it nominated 10 projects. Called the 'two-phase immersion cooling system for high performance computer workstation', it involves placing heat-generating computer components in a bath of non-conductive fluid. The coolant absorbs the heat, which is then dissipated as gas. The system is developed in collaboration with the Civil Aviation Department (CAD). EMSD engineer Richard Li noted that high-performance computers are often housed in air-conditioned rooms, and while the method was effective, it was costly and not environmentally friendly. The new cooling system, by contrast, allows computers to operate in naturally ventilated spaces. The system is already in use at one of the CAD's control tower simulator workstations. 'So after we have this trial project to prove this technology, we would like to extend our application to other users which are applicable, like for data centres or other departments with high-heat generation computers," Li said. The invention won the 'Prize of the Republic and Canton of Geneva', one of seven top awards at the prestigious exhibition. Two other EMSD inventions were awarded a gold medal with the congratulations of jury, including a tracking solution to enhance outdoor activity safety. One potential application, according to project manager Leo Yeung, would be for paragliders to report their whereabouts in emergencies. A compact positioning device is attached to the paraglider, recording the flight path. It doubles as a panic button which the pilot can use to send a distress signal in dire situations. Yeung said the device is waterproof and boasts an extended battery life. "We are planning to optimise the system's features and collaborate with other relevant government departments and organisations to promote the application to other activities such as hiking and water sports. And these allow more outdoor activity participants to benefit from this technology," he told RTHK.
