Consumer Lending

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Nicholas Financial Inc announces the opening of new branch office in Miami, Florida

Tuesday, 15 Jul 2014 10:07am EDT

Nicholas Financial Inc:Opens the Company's sixth branch location in the South Florida area. The new branch located in the Miami Lakes, Florida, continues Nicholas Financial's planned expansion of its branch office network.Each of the offices is a full-service lending and collection facility. Nicholas employees have been working to develop business in the Miami Lakes area for several months prior to the opening of the new location.

FastFunds Financial Corp and subsidiary Cannabis Angel Inc announce formation of 420 Development Corp

Tuesday, 8 Jul 2014 10:00am EDT

FastFunds Financial Corp:Says the company and its subsidiary, Cannabis Angel Inc announces the formation of The 420 Development Corporation.Newly formed entity will focus on the acquisition of operational companies that support the development of the ever-expanding cannabis industry.

J Trust Co Ltd subsidiary to establish sub-subsidiary and to transfer business to sub-subsidiary and to sell entire stake in sub-subsidiary

Wednesday, 25 Jun 2014 04:00am EDT

J Trust Co Ltd:Subsidiary KC Card to establish sub-subsidiary (A) of the company on July 31, engaged in credit, card loan, credit guarantee business and credit loan business.KC Card to transfer KC card brand related business to the new sub-subsidiary, effective Jan. 5, 2015.KC Card to sell entire stake (2,000 shares) in A to Yahoo Japan and SoftBank Payment Service, wholly owned subsidiary of SoftBank, for about 34,946 million yen, on Jan. 5, 2015.Yahoo Japan to hold 65 pct stake (1,300 shares) and SoftBank Payment Service to hold 35 pct (700 shares) in A.To transfer NUCS brand related business of subsidiary NUCS to KC Card, effective Jan. 5, 2015.

Pacific Century Regional Developments Ltd establishes subsidiaries

Wednesday, 30 Apr 2014 05:50am EDT

Pacific Century Regional Developments Ltd:Pacific Century Regional Developments (HK) Limited, a wholly-owned subsidiary of the Company, has established a wholly-owned subsidiary known as City Ventures Global Limited (City Ventures) on April 29.City Ventures has in turn established a wholly-owned subsidiary known as Prosper Global Investments Limited (Prosper Global) on April 29.Principal activity is Investment holding for both companies.Country of incorporation is Cayman Islands.

Wedge Holdings Co Ltd to Establish Thailand-based Subsidiary

Wednesday, 30 Oct 2013 02:30am EDT

Wedge Holdings Co Ltd announced that it will establish a Thailand-based subsidiary, Wakudoki Co.,Ltd. , which will be engaged in the operation of contents business, in October 2013.

J Trust Co Ltd to Establish New Subsidiary in Singapore

Friday, 4 Oct 2013 02:30am EDT

J Trust Co Ltd announced that it has decided to establish a wholly owned subsidiary, J Trust Asia PTE.LTD, with a registration capital of SGD 125 million, in October 2013. The new subsidiary will be engaged investment business.

AEON Financial Service Co., Ltd. Launches Consumer Credit Services in Myanmar- Jiji Press

Monday, 8 Jul 2013 03:38pm EDT

Jiji Press reported that AEON Financial Service Co., Ltd. announced that it has launched consumer credit services in Myanmar through a newly established subsidiary in Yangon. The new subsidiary, Aeon Microfinance (Myanmar) Co., offers installment payment services that cover some 100 member stores, mainly home appliance and furniture outlets. The Company plans to issue credit cards in the future.

Nakamichi Leasing Co Ltd to Establish New Subsidiary

Friday, 14 Jun 2013 03:30am EDT

Nakamichi Leasing Co Ltd announced that it will establish a Tokyo-based wholly owned subsidiary, which will be engaged in the medical support development room business, in June 2013. The subsidiary will be capitalized at JPY 10,000,000 and will start business in July 2013.

Uni-Asia Finance Corp Announces Establishment Of New Subsidiary

Thursday, 28 Mar 2013 05:22am EDT

Uni-Asia Finance Corp announced that it has established a new wholly owned Taiwan incorporated subsidiary known as Uni Ships and Management (Taiwan) Limited (USMT) to promote the Company’s ship-related services in Taiwan. Uni Ships and Management (Taiwan) Limited. USMT was incorporated on March 21, 2013 in Taipei, Taiwan, with paid-up share capital of New Taiwan Dollar four million. The establishment of USMT was internally funded and the subscription price for the shares in USMT has been paid in cash in full on March 4, 2013. The registration of share issuance of USMT was completed on March 21, 2013.

Muthoot Finance Ltd To Foray Into Home Loan, ATM Business-The Economic Times

Thursday, 6 Dec 2012 06:13pm EST

The Economic Times reported that Kerala-based gold finance company Muthoot Finance Ltd plans to diversify into home loans and set up white-label ATMs in a bid to reduce risk from single sector exposure. Muthoot Finance primarily focuses on providing loan against gold ornaments. The Reserve Bank of India has advised the Company to redesign business model to derisk it. For setting up white-label ATMs, owned and operated by non-banking companies, Muthoot has sought approval of the RBI. Entry into this venture is expected to cost the Company INR200-300 crore.


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