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2/26/2010-Friday, General Electric (NYSE:GE) said it has agreed to sell its Hong Kong consumer finance unit to Standard Chartered Bank PLC, the Wall Street Journal reported. Though the two companies declined to disclose the value of the deal, Standard Chartered spokeswoman Gabriel Kwan said the assets mainly comprise outstanding mortgages valued at US$1 billion. Subject to regulatory approval, the deal is expected to close in June.
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