Haier owned F&P Finance reiterates it's not on the block, deposits down 8% in 4 months to July 31

Haier owned F&P Finance reiterates it's not on the block, deposits down 8% in 4 months to July 31

By Gareth Vaughan

Fisher & Paykel Finance, whose ultimate parent is now China's Haier, has reiterated that it's not on the block.

The consumer lender has issued a new prospectus which seeks to borrow up to $300 million through issuing first ranking secured deposits.

In it F&P Finance says its directors don't currently expect last November's takeover of its parent, whiteware maker Fisher & Paykel Appliances, by Haier to change its business. However, the company notes Haier's takeover notice did say the Chinese company could potentially sell F&P Finance.

"As at the date of this prospectus, our directors are not aware of any proposal to divest the Fisher & Paykel Finance business," F&P Finance says.

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