Revocation of the authorization of Indover Asia Limited

Press Releases

18 Feb 2009

Revocation of the authorization of Indover Asia Limited

The Hong Kong Monetary Authority (HKMA) announced today (Wednesday) that the authorization of Indover Asia Limited (IAL, previously known as Indover bank (Asia) Limited) as a restricted-licence bank has been revoked with effect from 18 February 2009.

The direction given under section 52(1)(C) of the Banking Ordinance on 13 November 2008 appointing Mr Lai Kar Yan Derek of Deloitte Touche Tohmatsu as the Manager of IAL has lapsed accordingly.

For further enquiries, please contact:
Thomas Chan, Communications Chief, at 2878 1480 or
Peggy Lo, Manager (Communications), at 2878 1687

Hong Kong Monetary Authority
18 February 2009

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Last revision date : 18 February 2009