Consumer Lending

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J Trust announces result of early-retirement program of subsidiary and expects extraordinary loss for FY 2015

Wednesday, 29 Apr 2015 09:00pm EDT

J Trust Co Ltd:Says 320 employees of subsidiary took up the offer of the early-retirement program of subsidiary announced on March 30.Effective date of retirement is planned on May 31.Expected extraordinary loss of about 900 mln yen for FY ended March 2015 for the early-retirement program of subsidiary.

J Trust to offer early-retirement program

Monday, 30 Mar 2015 03:00am EDT

J Trust Co Ltd:To offer an early-retirement program with a subsidiary to.Offering period from April 21 to April 24.The company expects 300 employees to take the offer.Says the employees who take up the offer will retire on May 31.The company will provide retirement payment and outplacement support to the retiring employees.

ELK-Desa Resources Bhd announces members' voluntary winding-up of ELK-Desa Development Sdn Bhd, a wholly-owned indirect subsidiary of the company

Thursday, 12 Feb 2015 07:00pm EST

ELK-Desa Resources Bhd:To place ELK-Desa Development Sdn Bhd (ELKDD), a wholly-owned subsidiary of ELK-Desa Marketing Sdn Bhd (ELKDM), under the members’ voluntary winding-up proceedings.ELKDM is the wholly-owned subsidiary of ELK-Desa Capital Sdn Bhd, which in turn is a wholly-owned subsidiary of ELK-Desa Resources.Says ELKDD was incorporated on 18 August 1982 with a paid-up capital of 25,000 Ringgit and has been dormant since 2007.The members’ voluntary winding-up has no operational impact on ELK-Desa Resources and the Company is not expected to incur any losses arising from the winding-up.The members’ voluntary winding-up of ELKDD will not have any material impact on the share capital, earnings per share, gearing and net assets per share of ELK-Desa Resources Group for the FY ending March 31, 2015.

Uni-Asia Holdings Limited member's voluntary liquidation of a subsidiary

Friday, 6 Feb 2015 04:07am EST

Uni-Asia Holdings Limited:Offshore Property Investment Corporation (OPIC), a wholly owned British Virgin Islands-incorporated subsidiary, has been wound up by way of member’s voluntary liquidation on Feb. 6.Says OPIC was previously established as an investment vehicle of the Group.Prior to Oct. 2014, OPIC held 20 pct interest in Uni-Asia Finance Corporation (Japan) (UAFJ) and 6.6 pct interest in Uni-Asia Capital (Japan) Ltd (UACJ).In addition, the Company held 80 pct interest in UAFJ and 92.9 pct interest in UACJ.In Oct. 2014, to streamline the Group’s structure, the interests in UAFJ and UACJ held by OPIC were transferred to the company.There was no change to the company’s effective interests in UAFJ (100 pct) and UACJ (99.5 pct) arising from the transfer.

Aplus Financial Co Ltd announces reorganization

Thursday, 25 Dec 2014 01:30am EST

Aplus Financial Co Ltd:Says wholly owned Osaka-based subsidiary APLUS to merge Shinsei Financial's wholly owned Osaka-based subsdiairy Shinsei Card.Says APLUS to acquire 231,200 shares of the company from Dec. 26 to Feb. 27, 2015, and APLUS to transfer the 231,200 shares of the company to Shinsei Financial for this merger.Says subsidiary APLUS to be surviving company and Shinsei Card to be dissolved after transaction.Merger planned effective March 1, 2015.

J Trust Co Ltd completes dissolution of subsidiary

Monday, 22 Dec 2014 02:00am EST

J Trust Co Ltd:Completes dissolution of a wholly owned Tokyo-based investment subsidiary on Dec. 22.

Mahindra and Mahindra Financial Services Ltd announces approves amalgamation of MBCSPL

Wednesday, 22 Oct 2014 07:24am EDT

Mahindra and Mahindra Financial Services Ltd:Approved the proposal for amalgamation of Mahindra Business & Consulting Services Pct Ltd (MBCSPL), a subsidiary, with the company and their Shareholders and creditors.

Cash America International announces exit of Mexico and Colorado Markets

Wednesday, 27 Aug 2014 07:00am EDT

Cash America International Inc:Has exited two non-strategic markets through the sale of its 47 pawn lending locations in Mexico and its 5 pawn lending locations in Colorado.It represents all of the company's stores in each of those markets.

J Trust Co Ltd announce business transfer among subsidiaries

Wednesday, 30 Jul 2014 06:10am EDT

J Trust Co Ltd:Obtained approval from South Korean Financial Services Commission for a transfer of consumer finance business of J Trust’s consolidated subsidiaries including HICAPITAL, KJI Consumer Finance LLC and Neoline Credit to Chinae Savings Bank, another consolidated subsidiary of J Trust.Effective Aug. 13.

Srisawad Power 1979 PCL proposes merge and issues debenture

Thursday, 24 Jul 2014 06:51am EDT

Srisawad Power 1979 PCL:Proposal to extraordinary general meeting of shareholders for approval regarding merge between the company and its subsidiary Srisawad Power 1985 Company Limited.Proposal to extraordinary general meeting of shareholders for approval regarding issuance of additional debentures from initial amount of 3 bln Bhat to 7 bln Bhat (4 bln Bhat increase).Says debenture may be subordinated or unsubordinated, with gradual or balloon repayment of principal, secured or unsecured, with or without debenture representative.

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