The Central Factors Limited and Sanwa Business Credit Co., Limited, announced that they are to merge. The completion date is predicted to be the 1 July 2002, subject to the necessary approval of the authorities
The name of the new company will be UFJ Business Finance Co. Ltd and the head office will be situated in Tokyo.
The Central Factors and Sanwa Business Credit are members of the Factoring Association of Japan, (FAJ). The Association’s main purpose is to exchange information and expertise amongst members. Both companies offer domestic and international factoring services.
BCR