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The following is issued on behalf of the Hong Kong Monetary Authority:
The Hong Kong Monetary Authority (HKMA) announced today (February 18) that the authorisation of Indover Asia Limited (IAL, previously known as Indover bank (Asia) Limited) as a restricted-licence bank has been revoked with effect from February 18, 2009.
The direction given under section 52(1)(C) of the Banking Ordinance on November 13, 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
Ends/Wednesday, February 18, 2009
Issued at HKT 17:34
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