China fintech buys 51% of local asset manager Havenport

Singapore

IN a bid to expand in South-east Asia, Hong Kong-listed financial technology services firm Credit China FinTech is buying 51 per cent of Singapore's Havenport Asset Management for about S$25.5 million, The Business Times has learnt.

Contacted on Tuesday, Havenport managing partner Patrick Tan said that the deal aims to bring Credit China's wealth management products and services to Singapore, and to allow Havenport to partner the firm to expand in the region.