Business and Capital Alliance between Promise Group and QUOQBusiness and Capital Alliance Agreement • March 28th, 2005
Contract Type FiledMarch 28th, 2005TOKYO, March 25, 2005 --- Sumitomo Mitsui Financial Group, Inc. (“SMFG”) and Promise Co., Ltd. (“Promise”) today agreed to form a business and capital alliance between QUOQ Inc., a consumer credit company of Sumitomo Mitsui Banking Corporation group, and Plat Corporation (“Plat”), a wholly-owned subsidiary of Promise, in the consumer finance business. Under this agreement, Plat will be renamed QUOQ Loan Inc. (“QUOQ Loan”) and there will be exchange of personnel, including directors, between Promise group and QUOQ.