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Hansa Leasing Increases Factoring Turnover
20/07/2000
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St. George Bank has agreed to acquire the Scottish Pacific Business Finance Group (SPBF) for 42 million Australian dollares, subject to formal Board approvals. SPBF is the leading provider of cashflow finance solutions to the Small and Medium Enterprise markets in Australia and New Zealand. The cashflow financing market, consisting of factoring and invoice discounting, has a turnover of approximately A$8 billion per year. SPBF has a 40% share of the factoring market and 21% of the overall cashflow finance market. The acquisition will give St. George a 29% share of the market. St.
20/07/2000
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20/07/2000
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to 745,328m baht from 284,352m baht by the issuance of 46,097m new preferred shares with a par value of 10 baht each. In a statement to the Stock Exchange of Thailand, the company said the preferred shares issue will be offered to existing shareholders on a 1-for2 basis at 10 baht. The subscription and payment will be scheduled Sept 1-7, it said. The company said the proceeds will be used to repay debt to its bank creditors.
AFX (AP) - Asia, July 10, 2000
20/07/2000
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