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...Shares in Aplus Financial and Orient Corp, which are units of Shinsei Bank and Mizuho Financial Group, closed 14 per cent and 13 per cent higher, respectively....
...Shinsei, a former industrial lender that was relaunched as a retail bank in 2000, also has a consumer subsidiary, Aplus, which issues loans and performs back office functions for Shinsei’s bank-branded card...
...The bank boosted revenue by 53.7 per cent, due in part to the contribution from new businesses, including Showa Leasing, and the full year impact of Aplus, its consumer finance arm....
...Aplus had revenues of Y107bn in the past fiscal year....
...Other potential acquirers were HSBC, the bank, which withdrew from negotiations, and Ripplewood, the private equity company that owns Shinsei, which recently agreed to acquire Aplus, another consumer lender...
...Shares of Aplus, the consumer finance unit of UFJ, soared 11.3 per cent to Y273, after a the Nikkan Kogyo newspaper reported that UFJ was in the final stages of negotiations to sell the unit to Shinsei...
...Aplus, a consumer finance group, rose 4.9 per cent to Y279 on news that HSBC and Shinsei Bank have been shortlisted by UFJ, Aplus's controlling shareholder, as potential investors in the group....
...Aplus, a consumer finance group, rose 1.9 per cent to Y271 after the Asahi newspaper reported over the weekend that UFJ is planning to sell the group to HSBC....
...Aplus, a UFJ-affiliated consumer finance group seeking a capital injection, rose 4.5 per cent to Y278 as speculation intensified over which of two front-running bidders, HSBC and Shinsei, would take control...
...Shares of Aplus, the consumer finance unit of banking group UFJ, soared 11.3 per cent to Y273, following a local press report that UFJ was in the final stages of negotiations to sell the unit to Shinsei...
...Aplus, a UFJ-affiliated consumer finance group seeking an injection of capital, rose 4.5 per cent to Y278 as speculation intensified over which of two front-running bidders, HSBC and Shinsei, would take...
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