Readen Holding Corporation (OTC Pink: RHCO) is a listed venture capital corporation with a history of over 30 years. It has a long history of engaging in the retail trade and more recently it is active in the Fintech, Online Payment and E-commerce industries. RHCO has subsidiaries and liaison offices in Europe, Asia and New Zealand.
RHCO has made a strategic decision to pursue an investment strategy that takes an integrated asset approach with a focus on Payments, E-commerce and their supporting Infrastructure technologies. In addition to seeking a structured balance between short-term revenue and long-term outperformance multiples, RHCO continues to find value in distressed assets. This has always been supported by its strong turnaround abilities and disposal of non-performing assets.
Latest News from RHCO
8 Aug 2022
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced the appointments of Siegfried Yu as the Chief Financial Officer of the Company, and Ernest Kwan as the General Manager of OkeApp (www.okepartners.com).
Mr. Yu is a Chartered Certified Accountant (ACCA) and has over 25 years of experience in Accounting and Finance. He has worked for accounting firms, engineering companies, trading and manufacturing companies, financial institutions and multinational companies, and has considerable experience in Asian markets such as Hong Kong, Mainland China as well as Southeast Asia. He is also experienced in legal compliance, corporate governance, and pre-IPO process.
Mr. Kwan is a sales, recruiting and training expert with extensive experience in retails for 25 years. He worked in the insurance and financial planning sector in his early years, for companies like Prudential, AIA and Fortis. Later on, he has strengthened his skills in tele-marketing, sales training and team-building with his leading role in Hong Kong Jockey Club and Shop.com. Prior to his joining RHCO, he was the Senior Supervisor of Shops of Circle-K which operate more than 300 convenience stores in Hong Kong and Macau. As the General Manager of OkeApp, he will be leading the sales team, which is responsible for the recruitment of OkeMerchants, OkePartners and also OkeMembers.
The Company also announced today that since the soft launch of OkeApp early this year, it has recruited more than 500 OkePartners. OkePartners are the individuals, companies or charities who can share their invitation code to anyone to become OkeMembers. OkeMembers can enjoy remarkable discounts offered by OkeMerchants. For all the spending of OkeMembers at OkeMerchants through OkeApp, the corresponding OkePartner would receive a commission up to 5% of the discounted amount.
Richard Klitsie, CEO of RHCO stated, “We are very pleased to further expand our team, and we welcome Siegfried and Ernest with great expectations. Siegfried will be helping us to speed up the up-listing process, and Ernest will be the right leader to fully expand the numbers of OkeMerchants, OkePartners and OkeMembers. We are taking another big step in the launch of the most prominent discount referral app globally.”
3 Aug 2022
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced a new development of OkeApp (www.okepartners.com), the unique discount referral app fully owned by RHCO which was under beta testing for the past 90 days and will be fully launched by the end of this month. OkeApp will launch a travel membership program: Oke Travel Club.
Oke Travel Club is a worldwide selection of travel-related services and products designed to offer OkeApp members significant price reductions on all of their travel needs globally. RHCO has recently signed a partnership agreement with one of the largest travel services and products wholesaler in the United States. With this collaboration, Oke Travel Club will offer discounts up to 50% off for hotels, resorts, theme parks, cruises, air tickets, car rentals, as well as retail shops, dining and entertainment all over the world to OkeApp members. The membership program will provide a selection of 1 million+ locations of hotel and resorts, 205,000+ retail shops, 60,000+ restaurants, 45,000+ car rentals, 500+ airlines and 50+ major cruise lines. The selection includes some of the world’s best brands, such as Avis in car rentals, Costco in retails, Domino’s in Food, Foot Locker in sports goods, Red Lobster’s in restaurants, Walt Disney World in theme parks, Royal Caribbean in cruise lines, etc.
All OkeApp members can access Oke Travel Club through OkeApp, making travel selections, bookings and claiming the discount offers all in one app. The addition of Oke Travel Club to OkeApp will make it a must-have app / membership for consumers and travelers all over the world. RHCO expects the growth of OkeApp will be strongly stimulated by Oke Travel Club, and it targets to build OkeApp and Oke Travel Club into the largest discount club globally.
The launch of Oke Travel Club is also in synergy with RHCO’s comprehensive back-end Online Payment platform OkePay (www.okepay.biz). Oke Travel Club will further optimize the utilization of OkePay, which handles all the payments of OkeApp. It accepts standard credit and debit cards, such as Visa, MasterCard, AMEX, UnionPay, along with Alipay, WeChat Pay and other mobile wallets and e-vouchers.
RHCO expects to officially launch OkeApp and Oke Travel Club by the end of this month. Major upgrade will be added to OkeApp to facilitate the accessibility to Oke Travel Club, and currently the web site www.oke-travel.com is under construction.
Richard Klitsie, CEO of RHCO stated, “RHCO recognizes the enormous need for post-COVID travelers to have cost-effective options. As the world opens back up to travelers, Oke Travel Club will be an essential membership for everyone’s travel arrangements. We strongly believe more people would want to use OkeApp because of Oke Travel Club. As we expect travel activities are getting back to normal worldwide, Oke Travel Club will instantly add extra values to OkeApp, and generates substantial profit to our business.”
1 Aug 2022
READEN HOLDING CORPORATION (OTC PINK: RHCO), a Venture Capital Corporation which is active in the Fintech, Online Payment and E-commerce industries, today announced the appointment of Alex Tang as Lead of Software Development Team.
Mr. Tang is a young entrepreneur with solid background in information technology. He received his Bachelor of Engineering Degree from City University of Hong Kong, majoring in System Engineering and Management. During his college years, he has already engaged in several fintech startup projects, utilizing his skills in software engineering, programming, project management, data mining and machine learning. Recently he has also familiarized himself with blockchain and NFT technology and got involved in various Ethereum tokens ICO projects and high frequency CEX trading projects.
As the new Software Development Team Lead, Mr. Tang will oversee RHCO’s I.T. team in Asia. The dynamic team continues to develop its Fintech, Online Payment and E-commerce businesses, including OkeApp, the Company’s discount referral app, and Readies, its own developed e-voucher. Mr. Tang’s experience in blockchain and NFT will also enhance the development and outlook of OkToken.
Richard Klitsie, CEO of RHCO stated, “We are very pleased to have Alex at the helm of our I.T team. His ability in software engineering and project management ensure he will be an impactful leader of RHCO’s OkeApp. It is another big step in the launch of the most prominent discount referral app globally.”