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Housing Finance plan to form holding unit gets nod

Shareholders of mortgage lender Housing Finance Company of Kenya Limited (HF) have approved a change of name for the company to Housing Finance Group.

The wholly owned subsidiary Housing Finance Company will take over the mortgage business while the non-operating holding company will be Housing Finance Group. At its Extra-ordinary General Meeting at the Kenyatta International Convention Centre (KICC), shareholders approved formation of the holding company. It expects to complete transactions before end of this month.

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