Hong Kong’s security landscape is set to undergo a significant transformation as CNT Security Company, a long-standing local licensed security firm, prepares to wind down its operations by April 2026. The company, which has been a prominent player in the security services sector since its founding in 1986, has initiated liquidation proceedings that will impact approximately 2,000 employees across its operations.
The impending closure was first brought to public attention through a social media post by former Tsuen Wan district councillor Chiu Yan-loy on Monday, June 23. A company notice dated June 20 confirmed the board’s decision to cease operations before the end of the current fiscal year, with security services unable to be extended beyond December 9.
The company’s withdrawal is already visible in several residential estates. At Tsuen Wai Garden, CNT Security will completely wind down its services by September 10, prompting the owners’ corporation to launch a tender process for a new security service provider. Similar transitions are underway in other private estates, including Kornhill Garden in Quarry Bay and Baguio Villa in Pok Fu Lam.
Despite the significant changes, sources close to the company indicate that there are currently no plans to sell the business or rebrand under a different name. The Hong Kong Buildings Management and Security Workers General Union has confirmed the liquidation and the gradual layoff of employees, expressing concern about the potential impact on the workforce.
The company’s leadership brings a unique background to its operations. Chairman and Chief Executive Officer Lee Lam-chuen, who previously served as a Senior Assistant Commissioner of Police, brings 33 years of law enforcement experience to the organization. Founded in 1986 and restructured in 1995 with new shareholders, CNT Security Group operates through two wholly-owned subsidiaries: CNT Company and Onward Company.
When approached by media for comment, a CNT Security Company Limited staff member declined to provide immediate insights, suggesting interested parties leave contact details for a potential future interview.
The union has urged affected employees to seek assistance regarding severance pay, recognizing the potential challenges faced by workers during this transition. With over 2,000 staff members potentially impacted, the closure represents a significant shift in Hong Kong’s private security sector.
As the security landscape evolves, affected residential estates and businesses will need to carefully navigate the transition, seeking alternative security service providers to ensure continued protection and safety. The gradual wind-down process, set to complete by April 2026, provides some time for strategic planning and smooth operational transitions.
This development highlights the dynamic nature of service industries and the importance of adaptability in changing market conditions. For residents, property managers, and security professionals, CNT Security’s closure serves as a reminder of the ongoing transformations within Hong Kong’s professional services sector.
