Business Daily Media

Men's Weekly

.

Oi Wah and PACM Group join hands to develop the international private credit investment market, their first overseas roadshow kick-off in Taiwan, with an expected fund size of up to US$300 million

HONG KONG SAR - Media OutReach - 12 June 2023 - The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the "Group" or "Oi Wah") and PACM Group (Holdings) Limited ("PACM Group") jointly announced that, the two companies have entered into a memorandum of understanding (the "MOU"), in relation to developing the international real estate private credit institutional investment management business and establishing an investment fund.

The investment strategies of the fund will include asset-backed direct lending, non-performing debt acquisition, acquisition financing, stretch senior financing, project financing, bridge financing and other debt related strategies.

As part of this strategic partnership, the two parties will participate in a series of overseas investor roadshows, with Taiwan as their first stop. Through the roadshows, the two parties will introduce the fund's investment strategy and uniqueness to potential investors to attract more participants. The expected fund size will be up to US$300 million.

As the first listed Pawnshop group in Hong Kong, Oi Wah has nearly 50 years of industry experience and is a market leader in providing pawn loans and mortgage secured loans to customers. The natural synergies that Oi Wah can create with partnering up with PACM Group – a real estate private credit investment management firm with extensive international investment experience and professional knowledge – are apparent and will enable both parties to consolidate the market landscape and become the new leader in the real estate private credit investment sector.

According to the MOU, one of the potential cooperation models between both parties is to jointly establish a limited partnership fund with Oi Wah acting as the cornerstone investor by providing initial capital for the fund; and a company to be jointly established by both parties to act as the general partner of the fund, the specific content of the cooperation model will be set out in a formal agreement to be entered into between both parties.

Mr. Edward Chan, Chairman and CEO of Oi Wah, said, "As the global economy continues to grow, real estate private credit investing has emerged as a fast-expanding market. Our cooperation with PACM Group will help tap into this market's potential and enhance both companies' competitiveness internationally. We look forward to opening a new chapter for both companies in the global market and achieving better joint development.

Taiwan is an economically advanced region with a favourable investment environment and a broad investor base. The financial market and regulatory framework are also very stable. We hope to attract more Taiwanese investors to participate through roadshows in Taiwan, thereby providing a properly risk adjusted alternative investment solution in the region."

Mr. Francis Ng, Managing Director and Chief Investment Officer of PACM Group, said, "We are privileged to launch a real estate private credit fund with Oi Wah. This is the second fund under the PACM Group. We believe that with the professional experience of both parties in the private credit fund and lending industries, the fund will successfully capture the market recovery opportunities and bring a properly risk adjusted returns product to investors. We target to achieve double-digit returns, with the fund investing in private debt instruments that is secured by real estates assets located in developed markets. Taiwan Investors have always been interested in fixed income commodities and real estate markets, and we have seen an enthusiastic response to the fund during our initial conversations with Taiwanese investors. We look forward to communicating with more investors in the future."


Hashtag: #OiWah

The issuer is solely responsible for the content of this announcement.

Oi Wah Pawnshop Credit Holdings Limited

Oi Wah is a financing service provider in Hong Kong, mainly providing short-term secured financing, including pawn loans and mortgage loans. The Group established its first pawnshop in 1975 and currently owns 10 pawnshops in various locations in Hong Kong. Oi Wah diversified into mortgage loan business in 2009. The Group is the first local pawn shop which successfully listed on the Main Board of The Stock Exchange of Hong Kong Limited on 12 March 2013.

PACM Group (Holdings) Limited

PACM Group (Holdings) Limited ("PACM Group") is a real estate private credit investment management firm based in Hong Kong specializing in distressed investments / special situations in developed markets with projects in Hong Kong, Australia, the United Kingdom , and Canada. Pacific Aegis Capital Management (IM) Limited is a HKSFC regulated entity with a Type 9 Asset Management license.

News from Asia

VinFast Advances Ecosystem Strategy in Philippines’ EV Catch-Up

MANILA, PHILIPPINES - Media OutReach Newswire - 15 July 2025 - With nearly 19,000 electric vehicles sold in 2024, the Philippines is looking to catch up in Southeast Asia’s EV race as ecosystem pl...

Rising AI-Driven Cyber Attacks and Geopolitical Tensions Shaping Asia Pacific Cyber Risk Landscape, Aon study

SINGAPORE - Media OutReach Newswire - 15 July 2025 - Aon plc (NYSE: AON), a leading global professional services firm, has released the Asia Pacific (APAC) findings from its 2025 Cyber Risk Repor...

Far East Hospitality Strengthens its Presence in Japan with Two New Hotels in Osaka

Group enters Osaka with two Far East Village Hotels in Namba South and Honmachi districts, reinforcing its commitment to double its footprint to 2000 rooms in Japan. SINGAPORE - Media OutReach New...

KN Group and AlloyX Form Strategic Partnership, Launching World’s First On-Chain Tokenized Consumer Loan Assets

HONG KONG SAR - Media OutReach Newswire - 15 July 2025 - In July 2025, Hong Kong fintech company KN Group announced a significant strategic partnership with AlloyX, a prominent Hong Kong-based Web...

COUNTRY & SECTOR RISKS - June 2025 The great leap backwards: 23 sectors and 4 countries downgraded

HONG KONG SAR / SHANGHAI & BEIJING, CHINA / TAIPEI, TAIWAN / SYDNEY, AUSTRALIA / TOKYO, JAPAN - Media OutReach Newswire - 15 July 2025 - In a context of unprecedented geopolitical and trade un...

Porsche Design Tower Bangkok Partners with List Sotheby's to Venture into Japanese Ultra-luxury Market

Successful Tokyo Roadshow Event Introduces Asia’s Unparalleled Ultra-Luxury Living to Japan STUTTGART, GERMANY / TOKYO, JAPAN - Media OutReach Newswire - 8 July 2025 - Porsche Design Tower Bangkok...

American Express Opens New Centurion Lounge at Tokyo’s Haneda Airport

NEW YORK, US - Media OutReach Newswire - 15 July 2025 - On July 16 American Express (NYSE: AXP) will open a new Centurion Lounge at Tokyo's Haneda Airport (HND), the busiest airport in Japan and o...

VinFast to introduce new model in Indonesia upon return to GIIAS 2025

JAKARTA, INDONESIA - Media OutReach Newswire - 15 July 2025 - VinFast today announced its return to the Gaikindo Indonesia International Auto Show (GIIAS) 2025, scheduled to take place from July 2...

Wildberries tests ready-to-eat food delivery from restaurants

MOSCOW, RUSSIA - Media OutReach Newswire - 16 July 2025 - Wildberries, a leading digital platform in Eurasia, is launching a pilot service for express delivery of ready-made meals from restaurants...

MSIG Hong Kong’s 2024 Claims Report announces multi-year growth in its claims settlement ratio and highlights award-winning claims processing innovation

94.5% claims settlement ratio was achieved amidst a difficult business environment First year that two categories – Employees' Compensation Hong Kong and Marine - saw settlement ratios of 100% D...

How to ensure your manufacturing business survives international tariff turmoil

Optimising your operations in FY2026 will help you combat the challenges of a volatile trading environment. Up, down, in out…Since the commence...

Why Apptio is Enhancing Visibility into AI and Hybrid Cloud

AI investments have become a strategic priority for business with the mindset that if you're not using AI, you're falling behind. But according to...

Beyond borders: Building a scalable strategy for international hiring

For many Australian businesses, growth increasingly depends on thinking beyond local borders.  As wage pressures rise, and specialised talent pool...

The Next Generation of Maritime Sustainable Solutions

As organizations globally seek innovative ways to improve sustainability and their impact on Earth, the American Waterways Operators (AWO), a lead...

Demand for Home Batteries surges as Federal Rebate Kicks In

A leading provider of energy solutions VoltX Energy has seen a 400% increase in demand for home batteries in the past three weeks as people put d...

Why Sport Remains the Safest Bet in an Uncertain World

When Rome was in crisis, its leaders did not retreat to the Senate. They went to the circus. To the chariot races. To the gladiators. Sport was no...

Sell by LayBy