Credit Corp Group LimitedASX: CCP

Acquisition of Credit Card run-off book from HSBC

· Issued by Credit Corp Group Limited

Filed with ASX · · 1 page · English

Summary by 6ix AI

Credit Corp Group Limited has signed a binding agreement to acquire the Australian credit card run-off book from HSBC Bank Australia Limited. The transaction is pending regulatory approval and is expected to complete early in the following calendar year. As a result of this acquisition, Credit Corp has revised its market guidance for the upcoming financial year. The updated guidance reflects changes in projected acquisitions and earnings per share.

Written by 6ix AI from the company’s filing. How 6ix writes summaries

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