December 25, 2014 6:16 PM ET

Consumer Finance

Company Overview of Prime Credit

Company Overview

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.

,  

Hong Kong

Phone:

852 2810 5633

Fax:

852 2119 0688

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

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

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

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.

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