Stephenson Harwood LLP has advised HKT Flexi Limited, a subsidiary of HKT Limited, on its successful launch of its money lending business in Hong Kong.
HKT Limited, which is listed on the Hong Kong stock exchange, is Hong Kong’s premier telecommunications service provider and leading operator of fixed-line, broadband and mobile communication services.
The granting of the money lenders licence enables HKTF to set up its money lending business, HKT Flexi, and launch its credit services through a mobile financing platform, which allows users to make payments via the HKT Flexi App. The business provides financing solutions to customers who purchase goods and services from HKT retail outlets.
The Stephenson Harwood team was led by partner Katherine Liu (Picture), with support from partner Mark Reed and associate Conrad Lam.
Law Firms: Stephenson Harwood;
Clients: HKT Flexi Limited;