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Revocation Of Trust Company Licence Of EC Trust (Labuan) Bhd
For immediate release
Kindly be advised that effective from 11 June 2013, Labuan FSA has revoked the trust company licence of EC Trust (Labuan) Bhd pursuant to section 167 of the Labuan Financial Services and Securities Act 2010 (LFSSA).

Further to the revocation, Labuan FSA has duly appointed Mr. Ooi Woon Chee of Messrs. KPMG Transaction & Restructuring Sdn. Bhd. (“the Appointee”) as the person, on behalf of Labuan FSA, to assume control of the affairs of EC Trust (Labuan) Bhd. The appointment is made pursuant to section 193(1)(C) of the LFSSA. The contact details of the Appointee are as follows-

Mr. Ooi Woon Chee

Messrs. KPMG Transaction & Restructuring Sdn. Bhd.
Level 10, KPMG Tower
8 First Avenue, Bandar Utama
47800 Petaling Jaya

No. Tel: +603-7721 7150

Mr. Peter Kent Searle has also been disqualified as Director and Trust Officer of EC Trust (Labuan) Bhd. In addition, the approval granted to Mr. Peter Kent Searle as Trust Officer of EC Trust (Labuan) Bhd has been revoked with effect from 11 June 2013.

Labuan FSA wishes to advise all Labuan companies/entities (or its beneficial owners) under the management of EC Trust (Labuan) Bhd to contact the Appointee immediately.

For further information, please contact:
Corporate Communication & Event Management Unit
Tel: +6 087- 591200
Fax : +6 087- 428200

Labuan Financial Services Authority
11 June 2013
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