Tricor Bolsters Labuan Offering with Acquisition of CP TRUST Co. Ltd.

HONG KONG–(BUSINESS WIRE)–Tricor Group (Tricor), Asia’s leading provider of integrated
business, corporate, investor, human resources and payroll, corporate
trust and debt services, has acquired CP TRUST Co. Ltd., a leading
provider of trust company services in the Labuan International Business
and Financial Centre (Labuan IBFC).

This acquisition bolsters Tricor’s trust offering in Labuan, Malaysia,
through CP TRUST’s rich pool of talent and sophisticated solutions.
Founded in 2014, CP TRUST ranked as the Top Trust Company in Labuan for
past 3 years and will integrate its vast range of services into Tricor’s
existing suite of services and solutions.

Tricor Malaysia’s CEO and Managing Director, Mr. Yeap Kok Leong, said:
“Tricor’s acquisition of CP TRUST further bolsters our market leadership
in Labuan by expanding our range of services. Labuan’s reputation as an
international financial centre is growing rapidly, and we are now
strongly positioned to continue building our market share in this
dynamic region. I warmly welcome CP TRUST to the team, and look forward
to building on our synergies to provide the best possible services to
our clients.”

Lennard Yong, Group CEO of Tricor, said: “Our expansion in Labuan
reflects our confidence in the territory’s prospects as well as CP
TRUST’s excellent trust company capabilities and dedicated client
service mindset. By joining hands, we provide our clients an elevated
offering and reinforce our commitment to meeting their every need as
they grow throughout Asia. This acquisition makes Tricor an even more
formidable player in Labuan and the region, and we’ll continue to build
our presence here through an expansive suite of solutions backed by
talented teams.”

Tricor is pleased to join hands with CP TRUST’s Ms. Bee Wong-Executive
Director, whose leadership have been instrumental to the company’s
impressive growth and success. Ms. Bee Wong said: “Tricor is a
well-known and well-respected name in Labuan, so it’s a great pleasure
to become partners in our shared vision to accelerate Labuan’s
development as Asia’s newest financial centre. Our services have long
helped companies thrive in the Labuan jurisdiction and therefore in
Malaysia and elsewhere in Asia, and I’m confident that with Tricor’s
support, we will reach new heights together.”

About Tricor Group

Tricor Group (Tricor) has a growing global presence and is Asia’s
leading provider of integrated business, corporate, investor, human
resources and payroll, corporate trust and debt services. Tricor has had
a rapid expansion through organic growth and development as well as
partnerships, mergers and acquisitions. The Group today has over 30,000
clients globally, a staff strength of over 2,000 and a network of
offices in 39 cities across 20 countries / territories. Our client
portfolio includes over 1,200 companies listed in Hong Kong, over 500
companies listed in Singapore and Malaysia, and more than 40% of the
Fortune Global 500 companies, as well as a significant share of
multinationals and private enterprises operating across international
markets. In March 2017, the Permira Funds became the controlling
shareholder of the Tricor Group, alongside management. See:



Tricor Services Limited
Group Head of Marketing &
Tel: +852 2980 1261