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Personal Loan Business Assets for Sale in Selangor, Malaysia

Company seeking to sell a license for distributing online loans in Malaysia.
This Business is on a Premium Plan
Ownership Duration 1-5 year(s)
Industries Personal Loans + 1 more
Locations  Selangor
Local Time 9:46 PM Asia / Kuala Lumpur
Listed By Advisor / Business Broker
Status Recently Active
Overall Rating
Asset Sale
Asking Price: USD 1 million (Native Currency: MYR 4,200,000)
Reason: The owner wishes to concentrate on his other ventures and wishes to sell this license.
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Assets Description

- The owner is seeking to sell an online loan license that will allow the prospective buyer to promote and provide loans across Malaysia.

- The license will permit the prospective buyer to provide the following loans: housing, personal, business, car, motorcycle, electrical/ electronic appliance, and secured loans.

- The license does not possess any restrictions on changing the name of the business or director.

- Currently, there are only 5 such licenses issued throughout Malaysia, and all of them are owned by major companies.

- The license is provided by the Government of Malaysia using extremely selective criteria such as extensive documentation, display of funds (minimum MYR 15 million) along a minimum time of 1 to 2 years before the accept or reject decision.

- This is the only available license in the Malaysian market to penetrate into this business. The sale price simply includes the market value of the license.

Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct. Note that SMERGERS is not liable for any loss, damage, costs, claims and expenses whatsoever arising from transacting with any other user from the website. The final responsibility of conducting a thorough due diligence and taking the transaction forward lies with the users. Please read best practices on SMERGERS.
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Disclaimer: SMERGERS is a regulated marketplace for connecting business sell sides with investors, buyers, lenders and advisors. Neither SMERGERS represents nor guarantees that the information mentioned above is complete or correct.
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