RHG Limited
(ASX:RHG), formerly known as RAMS Mortgage Corporation, has confirmed it has received an approach regarding a possible asset-level sale of its loan book.
The home loans firm says it is holding confidential talks with its suitor, though notes there is no certainty a proposal will be made or that any transaction will proceed.
While the suitor’s name has not been revealed media reports speculate Sydney-based non-bank lender Resimac could be behind the approach which could be worth about $150 million.
Shares in RHG last traded at $0.465 before being placed into a trading halt, ahead of the release of the statement after the market closed yesterday.
RHG reported a net profit of $40.7 million in the 2012 financial year.
