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United Asia Finance May Seek Hong Kong IPO If Valuations Improve

Tuesday, August 13, 2013 2:43

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United Asia Finance Ltd., a consumer-finance arm of Sun Hung Kai & Co. that’s expanding in China, may sell shares in Hong Kong to fund its growth in the world’s second-largest economy. United Asia expanded lending on the mainland last year by more than 60 percent to more than 2 billion yuan ($327 million), compared with 10 percent growth in its Hong Kong loan book, which totaled HK$8.3 billion ($1.1 billion), Chief Executive Officer Akihiro Nagahara said in an interview on Aug. 9. The company has invested more than 4 billion yuan in its China operations. “Listing will improve our transparency and help us get capital for expansion,” Nagahara said.

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