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Ant wins China s approval to set up consumer-finance company

Jack Ma-controlled mobile-payments company will hold a 50% stake in the new entity, with the rest held by six other shareholders

Japanese lender SMFG acquires 49 per cent in FE Credit in a $1 4 billion deal

Consumer finance companies remain attractive acquisition targets - Economy - Business Beat - Vietnam News | Politics, Business, Economy, Society, Life, Sports

Update: December, 14/2020 - 08:53 | At its annual general meeting this year, VPBank, the parent company, announced plans to sell stakes in FE Credit to foreign investors. Photo tapchitaichinh.vn   Compiled by Thiên Lý A spokesperson for FE Credit Consumer Finance Company said the Covid-19 pandemic had somewhat affected the company’s business but the price of its stock would not change thanks to its advantages and the market’s great potential. He said the deal would be completed in 2021. At its annual general meeting this year, VPBank, the parent company, announced plans to sell stakes in FE Credit to foreign investors.

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