(Corrects the comment in the third paragraph as said by the company, not source)
HONG KONG, April 3 (Reuters) - Sun Hung Kai & Co Ltd has appointed three banks to underwrite the sale of its consumer finance division, people familiar with the matter told Reuters on Thursday.
The Hong Kong conglomerate chose JPMorgan Chase & Co, Morgan Stanley and UBS AG to run the sale, which is expected to value the business - United Asia Finance Ltd - at around $3 billion, the people said.
“The consideration of a potential separate listing of UAF remains at a preliminary stage,” the company said.
JPMorgan, Morgan Stanley and UBS declined to comment. (Reporting by Stephen Aldred; Additional reporting by Elzio Barreto and Yimou Lee; Editing by Michael Flaherty and Christopher Cushing)