The Coface Group Coface, the Paris-listed credit insurance and credit management group, has taken a majority shareholding in Frontline Business Information Frontline in Hong Kong. Frontline, formed in 1982, is a business credit information and pre-legal commercial collection agency. Coface's stake in Frontline closes Coface's gap in Asia in relation to alliances with local credit management and information companies, and gives a preview of Coface's expansionist plans into Greater China.
Coface considers Frontline a major factor in limiting its bad debts during the recent recession. Frontline provided us with timely and accurate information on the state of bankruptcies in Hong Kong, as well as the tendencies in the marketplace during the downturn,...
