Conclusion - non-binding indicative proposal to acquire Humm
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| Stock | Credit Corp Group Ltd (CCP.ASX) |
|---|---|
| Release Time | 22 Jun 2026, 8:22 a.m. |
| Price Sensitive | Yes |
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Credit Corp Group Ltd ends discussions with Humm
Key Points
- Credit Corp Group Ltd (ASX:CCP) has concluded discussions with Humm Group Limited (ASX:HUM).
- The company raised issues during commercial due diligence that could not be resolved.
- Humm confirmed that a mutually acceptable transaction cannot be agreed upon.
- Credit Corp ceased discussions with Humm regarding a potential transaction.
Full Summary
Credit Corp Group Limited (ASX:CCP) has concluded discussions regarding its non-binding indicative proposal to acquire 100% of Humm Group Limited (ASX:HUM). After a period of commercial due diligence, Credit Corp identified several issues it could not resolve despite further discussions with Humm. Consequently, Credit Corp informed Humm on June 19 that its bid was materially reduced. Humm confirmed that a mutually acceptable transaction could not be agreed upon. Credit Corp has now ceased discussions with Humm regarding a potential transaction. This ASX release was authorized by the Board of Credit Corp.
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