Choice, control, flexibility, these are the three words that dominated the presentation from Stephen Hickman, CEO for Swiss Life Global Solutions for Singapore and Southeast Asia
Tang said the CLSA, a subsidiary CITIC Securities, China's largest full-service investment bank, could help the local investors for investing in local capital market or Hong Kong to which they have an easy access.
The world’s top three mining companies, BHP and Vale rely heavily on iron ore sales for the bulk of their revenue despite efforts to diversify more into other industrial raw materials, such as copper, aluminium and coal.
It said the deal was subject to the usual conditions, including regulatory approvals, and was expected to be finalized by the end of this year “or early 2019”.
If the acquisition deal closes successfully, it will be the group's latest move in Cambodia, which is rising as the group's key Southeast Asian market
The WFOEs were initially limited to offering investment advisory services, but the government has since allowed licence-holders to access the onshore private fund business by registering as PFMs with AMAC.