RCE Capital Berhad (“RCE Capital” or the “Company”) is a major non-financial institution player in the niche credit cooperative market. Previously listed on the Second Board of Bursa Malaysia on 20 September 1994 and involved in media, advertising and broadcasting, RCE Capital completely divested its interests in these areas by 2004 and is now principally engaged in financial services. Its listing status was transferred to the Main Board (now known as Main Market) of Bursa Malaysia since 23 August 2006.

RCE Capital’s core business is in the provision of personal loans through strategic tie-ups with cooperatives, via its wholly-owned subsidiary RCE Marketing Sdn Bhd (“RCE Marketing”). RCE Marketing employs a unique distribution-collection mechanism which differs from the typical financing model. Funding is extended to the cooperatives which in turn lend to their members, most of whom are in the civil force. Repayments are done via the government-initiated Salary Deduction Scheme, administered by Angkatan Koperasi Kebangsaan Malaysia Berhad (ANGKASA), the country’s centralised collection agency for participating cooperatives. The automated salary deduction system coupled with lower turnover rates in the government sector present a low-risk business landscape for RCE Marketing, thereby enabling it to enjoy manageable delinquency rates.

Apart from consumer financing, RCE Capital also provides short-term financial solutions to corporate clients via RCE Factoring Sdn Bhd (“RCE Factoring”). RCE Factoring offers factoring and confirming facilities to small and medium-sized enterprises primarily involved in trading, construction and manufacturing. In addition to its financing business, the Company also has investments in AmFIRST Real Estate Investment Trust and properties, which allows it to enjoy some recurring income.

Over the years, the Group has tapped into the debt market for its rapid growth. Thus far, RCE Marketing has issued four debt instruments, beginning with the issuance of RM45.0 million Fixed Rate Serial Bonds and RM50.0 Underwritten Commercial Papers Programme in 2004. This was a significant milestone for RCE Capital as it was the first consumer financing company to enter the capital markets for funding. These were followed by the issuance of RM420.0 million Fixed Rate Medium Term Notes in 2005. The RM1.5 billion Asset-Backed Securitisation (“ABS”) programme is RCEM’s latest venture into the debt market with the first tranche of RM100.0 million issued in November 2007. In addition to being accorded AAA-rating, this 5.5-year programme is the largest consumer receivables securitisation in Malaysia and is amongst the biggest ABS programme in 2007 in terms of total issue size.

In line with the Company’s vision to become a formidable non-bank financial services provider, RCE Capital continues to seek organic growth through enhancements in products and services. The Company also aims to strengthen its sales and distribution network as well as enter into strategic arrangement with potential credit cooperatives to expand its market share. RCE Capital remains positive on exploring opportunistic investment and complementary business, both locally and abroad.

About our Major Shareholder

Tan Sri Azman Hashim, a prominent figure in the Malaysian corporate and banking scene, is both the Chairman and largest shareholder of RCE Capital through his flagship investment holding company, Amcorp Group Berhad (“Amcorp”). Amcorp’s core asset base is in the financial sector via RCE Capital and AMMB Holdings Berhad, or more commonly known as AmBank Group. Apart from the financial sector, Amcorp also has strategic investments in property, engineering and infrastructure as well as information technology.