Hong Kong, December 6, 2001 - Hantec Investment Holdings Limited (SEHK: 111) today announces that subsequent to a special general meeting held on November 22, 2001, the Company has completed the acquisition of HT (BVI) from Hantec Group for a consideration of HK$81 million. HT (BVI) holds a number of companies which are engaged in securities brokerage, futures trading, asset management, corporate finance and other financial services. Following the acquisition Hantec Investment is now an integrated financial services provider with a product offering that covers both the equity and forex markets. Hantec Group now holds 64.3% interest in Hantec Investment.

"The acquisition will help us expand our business scope from leveraged forex trading to a comprehensive range of financial services, and facilitate the sharing of resources for better account servicing and management. It will also form a better platform for us to cross-market our full range of financial products," explained Mr Tang Yu Lap, Chairman, Hantec Investment.

The Company also announced a new commission rebate scheme for the brokers of HT Securities, its wholly-owned securities brokerage arm. With immediate effect, brokers who meet a business volume requirement will receive full rebate of commission on transactions above the quota. To entitle to the "New 100% Commission Rebate Scheme" benefits, the brokers are also required to place orders through an in-house electronic trading system. The new scheme is expected to boost the Company's securities business revenue by 20 to 30%.

The commission scheme is launched as part of the Company's plan to step up the profile of its securities business after its injection into the listed group. The new scheme is designed as an incentive to recruit more high-calibre brokers and for existing brokers to increase business volume, as well as for the brokers to employ the electronic trading system. Higher usage of the electronic transaction system will help reduce both operational and risk costs for the Company.

Mr Tang continued, "Risks associated with human errors, as well as settlement risks, often have significant, unpredictable impact on the bottomline of securities houses. With more transactions being shifted to the electronic system, we are able to save on manual labour and effect better risk control. The new scheme is also expected to attract for us new high net worth clients who are also potential customers of our other financial products."

Hantec Holdings Limited, the parent company of the listed Hantec Investment Holdings Limited (SEHK: 111), was established in 1990 by Chairman Tang Yu Lap. Its expertise services cover a full range of leveraged forex trading, securities trading, global futures trading, corporate finance, asset management, bullion exchange, insurance and integrated personal financial services. Hantec Group is headquarterd in Hong Kong and operates 6 branches and 5 personal financial services centres in the SAR, as well as 5 representative offices in Beijing, Paris, Tokyo, Manila and Taipei.

Issued by :
Hantec Investment Holdings Limited

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