Credit Bureau Asia (SGX:TCU) is in talks with Credit Bureau Singapore to establish a third-party risk management company, according to a Wednesday filing with the Singapore Exchange.
The joint venture company will aim to support financial institutions based in the city-state.
The process is expected to take a few months, with funding to be provided by existing cash reserves.
Shares of the company were down over 2% at the close of trading on Wednesday.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.