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RHB Hong Kong Limited

RHB Hong Kong Limited ("RHBHK") is now a member of RHB Group upon the acquisition by RHB Capital Bhd of 100% equity interest in OSK Investment Bank on 9 November 2012.

RHBHK is a wholly owned subsidiary of RHB Investment Bank Bhd and its ultimate parent company, RHB Bank Bhd, is a listed company in Bursa Malaysia (the Stock Exchange of Malaysia), who assume the listing status of RHB Capital Bhd on 28 June 2016. RHBHK was incorporated in Hong Kong by OSK Group in 2004. In July 2005, RHBHK completed its acquisition of Prudence  Securities Co. Ltd and changed its name to OSK Securities Hong Kong Limited. OSK Securities Hong Kong Limited changed its name to RHB Securities Hong Kong Limited upon completion of merger between RHB Investment Bank Bhd and OSK Investment Bank Bhd. RHB Futures Hong Kong Limited was incorporated in September 2005 to offer futures trading and is a wholly owned subsidiary of RHBHK.

RHBHK and its subsidiaries provide investment advisory services, capital raising, stock broking and derivatives trading services catering both retail clients and institutional investors. Online trading was offered to the public through the internet portal rhbinvest.com.hk since mid 2006, initially covering the Hong Kong market and was extended to other international financial markets for global futures products in early 2007.

Going forward, RHBHK will enchance its investment banking related services, in line with the development of related services in RHB Investment Bank. Capitalizing on the strong support from RHB Group, a leading banking group in Malaysia, coupled with the strategic position of Hong Kong in the regional financial markets, we have competitive advantages in offering cross-border financial service among Hong Kong and major Asian cities including China.


NOTICE TO CUSTOMERS
 
Dear customers
Important announcement
After careful consideration, a difficult decision has been made by RHB Hong Kong Limited (RHB Hong Kong) and its subsidiaries[i] (collectively, RHB Hong Kong Group) to cease their business operations (Proposed Cessation). RHB Hong Kong is a wholly-owned subsidiary of RHB Investment Bank Berhad (RHB Investment Bank), which in turn is wholly-owned by RHB Bank.
The increasingly challenging operating broking environment in Hong Kong has resulted in losses being recorded for RHB Hong Kong Group. As a result, it is no longer viable for RHB Hong Kong Group to continue its business operations. The Proposed Cessation would allow RHB Investment Bank to refocus efforts and resources in driving long-term growth in other ASEAN markets in line with the larger RHB Banking Group’s FIT22 strategy.
Timing
Subject to relevant regulatory obligations being complied with and barring any unforeseen circumstances, the Proposed Cessation is expected to be completed by the 2nd quarter of 2020.
What does this mean for customers
The RHB Hong Kong Group is committed to meeting their obligations to their customers pursuant to the terms and conditions entered into with their customers (Customer Agreements). RHB Hong Kong Group will also continue to act in accordance with all applicable laws, rules, regulations, guidelines, requests, and/or recommendations of public and regulatory organisations or authorities.
The RHB Hong Kong Group's relationship with each of its customers will continue until such time as it is terminated in accordance with the terms of the relevant Customer Agreement. The RHB Hong Kong Group may facilitate the transfer of some customers to other financial services providers. Such customers will be notified, and consent obtained, as necessary.
In the meantime, customers have the option to terminate their relevant Customer Agreement by giving written notice in accordance with the terms of the Customer Agreement.
RHB Investment Bank will provide support to ensure an orderly winding down of the RHB Hong Kong Group's business operations.
Further information
We will provide further information to customers in due course. In the meantime, please contact your usual RHB contact or our hotline at (852) 2103 5657 / (852) 2525 1118 should you have any queries.
Thank you for being a valued customer.
Yours faithfully


[i] RHB Securities Hong Kong Limited, RHB Futures Hong Kong Limited, RHB Finance Hong Kong Limited, RHB Capital Hong Kong Limited, RHB Fundamental Capital Hong Kong Limited (deregistered), RHB Asset Management Limited, RHB Wealth Management Hong Kong Limited and RHB (China) Investment Advisory Co Ltd.





IMPORTANT NOTICE

In order to give our valuable client better services, RHB HK enhance internet trading system and have proudly launched new equity trading platform - RHB HK iwtrader.

RHB HK staff never ask client for Username and Password by email or by phone.