APAC Coal has returned to the Australian bourse today after recently wrapping up its acquisition of leading diversified debt restructuring group Credit Intelligence Holding.
The company re-listed today under the ticker AAL and is establishing an Australian business similar to that of Credit Intelligence’s successful Hong Kong business, brand and market reputation with funding from a $3.5 million raising.
Credit Intelligence already has runs on the board in Hong Kong where the debt restructuring group developed a mechanism to manage bankrupt estates. The system allows for a high number of cases to be managed with minimal staff, reducing direct labour costs and delivering efficiency dividends.
It has been a profitable enterprise in that market, achieving an average NPAT of A$2.48 million p.a. over the last 3 years with an average net margin in excess of 60%.
The company is now looking to roll out this model in the Australian market which is currently experiencing record household debt levels, low wages growth and high mortgage stress.