News from Asia

Thu Jun 8

Oi Wah and PACM Group entered into MOU

Written by Viw Magazine

To cooperate in developing mortgage loan businesses including overseas market

HONG KONG SAR - Media OutReach - 2 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") yesterday, in relation to the formation of a strategic partnership to carry out long-term cooperation, which the parties intend to cooperate in the real estate private credit institutional investment management business with investment strategies including asset-backed direct lending, non-performing debt acquisition, acquisition financing, stretch senior financing, project financing, bridge financing and other debt related strategies within Hong Kong and overseas.

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