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Credit Corp Group Limited (ASX:CCP)

ALERT: Price-sensitive ASX Announcement for CCP
Current share price for CCP : $13.880 0.81 (6.20%)+
Announcement
Release
22 Jun 2026 8:22AM
Price at Release
$13.070
Full Release
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Summary
Credit Corp Group Limited announced the conclusion of its discussions with Humm Group Limited concerning a potential acquisition. Despite an initial non-binding proposal to acquire Humm, due diligence revealed several concerns that led Credit Corp to revise its bid significantly. Humm subsequently confirmed that an agreement could not be achieved, resulting in Credit Corp terminating acquisition talks. The announcement was made public following board approval.
Key Points
  • Credit Corp Limited (ASX:CCP) refers to its proposal to acquire Humm Group Limited (ASX:HUM).
  • Following commercial due diligence, Credit Corp identified issues that could not be resolved with Humm.
  • Credit Corp reduced its bid significantly from the original non-binding indicative offer.
  • Humm confirmed that a mutually acceptable transaction could not be reached.
  • Credit Corp ceased discussions with Humm regarding the acquisition.
  • The announcement was authorized by the Board of Credit Corp.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.