Coface buys stake in Frontline

Coface closes greater China gap with a majority acquisition of Hong Kong''s Frontline, a credit management agency.

The Coface Group (Coface), the Paris-listed credit insurance and credit management group, has taken a majority shareholding in Frontline Business Information (Frontline) in Hong Kong Frontline, formed in 1982, is a business credit information and pre-legal commercial collection agency Coface's stake in Frontline closes Coface's gap in Asia in relation to alliances with local credit management and information companies, and gives a preview of Coface's expansionist plans into Greater China

Coface considers Frontline a major factor in limiting its bad debts during the recent recession "Frontline provided us with timely and accurate information on the state of bankruptcies in Hong Kong, as well as the tendencies in the marketplace during the downturn," says Richard Burton, general...

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team subscription (2-5 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at [email protected], or +(852) 2122 5222