Company Overview of Prime Credit
Prime Credit is a financial institution offering personal loans. The company is based in Hong Kong. Prime Credit operates as a subsidiary of Standard Chartered Bank (Hong Kong) Limited.
Key Executives for Prime Credit
Prime Credit does not have any Key Executives recorded.
Prime Credit Key Developments
StanChart To Reportedly Sell HK Consumer Unit To Pepper
Sep 23 14
Standard Chartered PLC (LSE:STAN) is in advanced talks to sell its Hong Kong consumer finance business to Pepper Australia Pty. Ltd. in a deal that could fetch between $500 million to $700 million, people familiar with the deal said. Pepper and Chow Tai Fook Enterprises Limited were the top two contenders for the Standard Chartered unit Prime Credit, racing ahead of other bidders after two bidding rounds, the people familiar with the deal said. They were picked as a preferred bidder a couple of weeks ago, and are now in the process of going through the HKMA approval process," one person familiar with the matter said. The deal is subject to approval from the Hong Kong Monetary Authority (HKMA), the city's de facto central bank.
Shinsei, Carlyle Short-Listed For Prime Credit- Reports
May 23 14
Shinsei Bank, Limited (TSE:8303) and The Carlyle Group LP (NasdaqGS:CG) have been short listed for the final round of bidding due next month for Prime Credit which is owned by Standard Chartered PLC (LSE:STAN), Reuters reported citing people familiar with the matter. Other short-listed bidders include Pepper Australia Pty. Ltd., Chow Tai Fook Enterprises Limited and United Asia Finance Limited.
Prime Credit Draws Bidders- Reports
May 8 14
Prime Credit owned by Standard Chartered PLC (LSE:STAN) has drawn the likes of Pepper Australia Pty. Ltd., Chow Tai Fook Enterprises Limited and United Asia Finance Limited for the second-round bids, The Wall Street Journal reported citing people familiar with the matter. The transaction is reported to be valued at approximately between $500 million and $700 million.
Similar Private Companies By Industry
Recent Private Companies Transactions
|No transactions available in the past 12 months.|
Most Searched Private Companies
Sponsored Financial Commentaries