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ecns
StanChart to sell HK unit
http://www.ecns.cn/business/2014/09-24/135945.shtml
Sep 24th 2014, 04:56
2014-09-24 13:56 Global Times/Agencies
Standard Chartered is in advanced talks to sell its Hong Kong consumer finance business to finance firm Pepper Australia Pty Ltd in a deal that could fetch between $500 million and $700 million, people familiar with the deal said Tuesday.
Standard Chartered is sharpening its focus on global corporate banking and high net worth clients, Reuters said.
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