Showcasing Hong Kong’s Engineering Excellence and Maritime Heritage
HONG KONG SAR - Media OutReach Newswire - 21 November 2025 - The "Seawise Giant" Anchor Plaza, a new cultural landmark along the Central Harbourfront, has been successfully completed by Ample Construction in collaboration with The Hong Kong Maritime Museum (HKMM). The 36-tonne historic anchor now stands proudly in front of the Observation Wheel, creating a spectacular new feature on the city's waterfront. With innovative architectural design and meticulous construction expertise, the project provides both Hong Kong citizens and international visitors with a cultural landmark that celebrates the city's illustrious maritime history and preserves its rich seafaring heritage.
Ample Construction and The Hong Kong Maritime Museum Unveil Central’s New Cultural Landmark – the "Seawise Giant" Anchor Plaza At the heart of the plaza is the anchor of the Seawise Giant, once the largest oil tanker in the world and part of the treasured collection of Hong Kong's legendary shipping magnate, C.Y. Tung. After 35 years of service, the ship was decommissioned, and its anchor was brought to Hong Kong through the efforts of Mr. Anthony Hardy, BBS, Emeritus Chairman of HKMM.
Ample Construction was responsible for the full project planning, transportation, and installation. With precise engineering and project management, the team ensured the safe installation of this massive maritime relic in the heart of Central. The anchor now stands as a symbol of Hong Kong's role as a leading international shipping hub.
The project also features the Hong Kong Maritime Museum Jockey Club Anchor Plaza, an interactive public learning space. Through immersive exhibition pavilions, outdoor multimedia displays, and cutting-edge technologies, the Plaza offers the public a vibrant cultural venue where education and leisure come together. It guides visitors through Hong Kong's maritime journey and provides a dynamic attraction for both residents and tourists.
From Blueprint to Landmark – Engineering Ingenuity in Action
From design to execution, Ample Construction transformed the impossible into reality through professional expertise and innovative technologies. Inspired by the form of a ship, the pavilion's distinctive ship-inspired curved profile required exceptional precision. The team collaborated closely with architects and structural engineers from the earliest stages, applying Building Information Modelling (BIM) technology to conduct virtual simulations. This process enabled the conversion of complex two-dimensional drawings into accurate three-dimensional structures. Physical test models were also created to examine the actual appearance and performance of key elements such as the curved ceiling, ensuring flawless execution down to the smallest detail.
The most critical challenge was transporting the 36-tonne anchor safely from Stonecutters Island to Central. Following rigorous risk assessments and feasibility studies, the project team executed the move by road at night using a heavy-lift transport vehicle, escorted by pilot cars, and through specially closed tunnels. This "epic relocation" was successfully completed under meticulous planning, with the final installation carried out by crane at dawn. The process showcased the efficiency, precision, and pursuit of excellence that define Hong Kong's construction industry.
Meticulous Craftsmanship and Pursuit of Perfection
Ample Construction's commitment to craftsmanship is reflected in every detail. The pavilion's aluminum curtain wall comprises 36 irregularly angled fins and columns, posing significant installation challenges. Using BIM data, the team extracted exact parameters for each component, while site engineers and craftsmen conducted repeated verifications with precision instruments.
Each column underwent multiple layers of inspection before welding, and in cases of minor deviations, components were dismantled and reinstalled to achieve perfection. As Project Manager Mr. Szeto of Ample Construction stated: "Even in areas invisible to the naked eye, we uphold the highest standards and remain faithful to the design. That persistence and dedication from the team—turning blueprints into reality—is what embodies Hong Kong's proud craftsmanship."
A Showcase of Local Engineering Excellence and Cultural Innovation
With robust construction capabilities, advanced technologies, and relentless pursuit of excellence, Ample Construction has created a new urban landmark that integrates history, culture, and architectural aesthetics. The project not only exemplifies the strength of Hong Kong's construction sector but also highlights the city's cultural depth and creativity as a world-class metropolis.
Ample Construction Company Limited
Workshop Address: Unit K, 6/F, World Tech Ctr, 95 How Ming St., Kwun Tong, HK
Tel: 2387 0800
Website: www.ampleconstruction.com.hk
Hashtag: #AmpleConstruction #SeawiseGiantAnchorPlaza #CentralHarbourfront #HongKongMaritimeMuseum #HKMM #SeawiseGiant #CulturalLandmark #ConstructionEngineering #HongKongMaritimeHistory #BIM #HongKongLandmark #ProjectShowcase #TungChao-yung
https://www.ampleconstruction.com.hk
The issuer is solely responsible for the content of this announcement.
Ample Construction
Ample Construction is a professional main contractor dedicated to delivering high-quality construction and project management services. With a highly experienced team, innovative applications of technologies, and an unwavering commitment to excellence, the company has successfully delivered numerous landmark projects across commercial, residential, and public infrastructure sectors, earning wide recognition and trust from clients and industry peers alike.
HONG KONG SAR - Media OutReach Newswire - 21 November 2025 - The "Seawise Giant" Anchor Plaza, a new cultural landmark along the Central Harbourfront, has been successfully completed by Ample Construction in collaboration with The Hong Kong Maritime Museum (HKMM). The 36-tonne historic anchor now stands proudly in front of the Observation Wheel, creating a spectacular new feature on the city's waterfront. With innovative architectural design and meticulous construction expertise, the project provides both Hong Kong citizens and international visitors with a cultural landmark that celebrates the city's illustrious maritime history and preserves its rich seafaring heritage.
Ample Construction and The Hong Kong Maritime Museum Unveil Central’s New Cultural Landmark – the "Seawise Giant" Anchor Plaza
At the heart of the plaza is the anchor of the Seawise Giant, once the largest oil tanker in the world and part of the treasured collection of Hong Kong's legendary shipping magnate, C.Y. Tung. After 35 years of service, the ship was decommissioned, and its anchor was brought to Hong Kong through the efforts of Mr. Anthony Hardy, BBS, Emeritus Chairman of HKMM.
Ample Construction was responsible for the full project planning, transportation, and installation. With precise engineering and project management, the team ensured the safe installation of this massive maritime relic in the heart of Central. The anchor now stands as a symbol of Hong Kong's role as a leading international shipping hub.
The project also features the Hong Kong Maritime Museum Jockey Club Anchor Plaza, an interactive public learning space. Through immersive exhibition pavilions, outdoor multimedia displays, and cutting-edge technologies, the Plaza offers the public a vibrant cultural venue where education and leisure come together. It guides visitors through Hong Kong's maritime journey and provides a dynamic attraction for both residents and tourists.
From Blueprint to Landmark – Engineering Ingenuity in Action
From design to execution, Ample Construction transformed the impossible into reality through professional expertise and innovative technologies. Inspired by the form of a ship, the pavilion's distinctive ship-inspired curved profile required exceptional precision. The team collaborated closely with architects and structural engineers from the earliest stages, applying Building Information Modelling (BIM) technology to conduct virtual simulations. This process enabled the conversion of complex two-dimensional drawings into accurate three-dimensional structures. Physical test models were also created to examine the actual appearance and performance of key elements such as the curved ceiling, ensuring flawless execution down to the smallest detail.
The most critical challenge was transporting the 36-tonne anchor safely from Stonecutters Island to Central. Following rigorous risk assessments and feasibility studies, the project team executed the move by road at night using a heavy-lift transport vehicle, escorted by pilot cars, and through specially closed tunnels. This "epic relocation" was successfully completed under meticulous planning, with the final installation carried out by crane at dawn. The process showcased the efficiency, precision, and pursuit of excellence that define Hong Kong's construction industry.
Meticulous Craftsmanship and Pursuit of Perfection
Ample Construction's commitment to craftsmanship is reflected in every detail. The pavilion's aluminum curtain wall comprises 36 irregularly angled fins and columns, posing significant installation challenges. Using BIM data, the team extracted exact parameters for each component, while site engineers and craftsmen conducted repeated verifications with precision instruments.
Each column underwent multiple layers of inspection before welding, and in cases of minor deviations, components were dismantled and reinstalled to achieve perfection. As Project Manager Mr. Szeto of Ample Construction stated: "Even in areas invisible to the naked eye, we uphold the highest standards and remain faithful to the design. That persistence and dedication from the team—turning blueprints into reality—is what embodies Hong Kong's proud craftsmanship."
A Showcase of Local Engineering Excellence and Cultural Innovation
With robust construction capabilities, advanced technologies, and relentless pursuit of excellence, Ample Construction has created a new urban landmark that integrates history, culture, and architectural aesthetics. The project not only exemplifies the strength of Hong Kong's construction sector but also highlights the city's cultural depth and creativity as a world-class metropolis.
Ample Construction Company Limited
Workshop Address: Unit K, 6/F, World Tech Ctr, 95 How Ming St., Kwun Tong, HK
Tel: 2387 0800
Website: www.ampleconstruction.com.hk
Hashtag: #AmpleConstruction #SeawiseGiantAnchorPlaza #CentralHarbourfront #HongKongMaritimeMuseum #HKMM #SeawiseGiant #CulturalLandmark #ConstructionEngineering #HongKongMaritimeHistory #BIM #HongKongLandmark #ProjectShowcase #TungChao-yung
https://www.ampleconstruction.com.hk
The issuer is solely responsible for the content of this announcement.
Ample Construction
Ample Construction is a professional main contractor dedicated to delivering high-quality construction and project management services. With a highly experienced team, innovative applications of technologies, and an unwavering commitment to excellence, the company has successfully delivered numerous landmark projects across commercial, residential, and public infrastructure sectors, earning wide recognition and trust from clients and industry peers alike.
** The press release content is from Media OutReach Newswire. Bastille Post is not involved in its creation. **
Prudent Risk Management Yields Solid Outcomes metrics, Core Pawn Business Demonstrates Resilient Growth with Proposed Final Dividend of HK$1.15 cents per share
Results Highlights:
- Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
- Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
- Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
- Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
- Proposed final dividend of HK$1.15 cents per share
HONG KONG SAR - Media OutReach - 27 May 2026 - The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the "Group" or "Oi Wah") announced its annual results and its financial position. For the year ended 28 February 2026 ("FY2026"), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 ("FY2025"). During the year, net interest margin expanded to approximately 17.2%.
As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.
BUSINESS REVIEW
Mortgage loan business
In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group's total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.
In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.
Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.
Pawn Loan Business
The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business's profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.
During the year, the Group continued to channel resources to advertising and promotion to enhance the Group's brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.
PROSPECTS
Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.
Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.
Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.
Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.
Mr. Edward Chan, Chairman and CEO of the Company, said, "Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group's strong resilience amidst market challenges.
Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders."
Hashtag: #OiWah
The issuer is solely responsible for the content of this announcement.
About 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 and one premium service center 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.
Results Highlights:
- Profit for the year attributable to shareholders increased by approximately 47.8% YoY to approximately HK$82.6 million
- Net profit margin increased by approximately 16.2 p.p. YoY to approximately 50.2%
- Impairment losses recognized on loan receivables decreased by approximately 72.6% YoY to HK$12.7 million
- Revenue from pawn loan business increased by approximately 12.9% YoY to approximately HK$98.6 million
- Proposed final dividend of HK$1.15 cents per share
HONG KONG SAR - Media OutReach - 27 May 2026 - The board of directors of Oi Wah Pawnshop Credit Holdings Limited (HKEx stock code: 1319.HK, the "Group" or "Oi Wah") announced its annual results and its financial position. For the year ended 28 February 2026 ("FY2026"), the Group recorded revenue of approximately HK$164.4 million. Profit attributable to shareholders of the Company reached approximately HK$82.6 million, representing an increase of 47.8% compared to the year ended 28 February 2025 ("FY2025"). During the year, net interest margin expanded to approximately 17.2%.
As of 28 February 2026, the cash and cash equivalents (net of bank overdraft) amounted to approximately HK$376.9 million, representing a substantial increase of approximately 74.8% YoY. The net assets increased to approximately HK$1,155.7 million. Concurrently, the gearing ratio dropped to 4.1%. During the year, the earnings per share increased by approximately 48.3% YoY to HK 4.3 cents. The Board of Directors recommends a final dividend of HK 1.15 cents per share.
BUSINESS REVIEW
Mortgage loan business
In FY2026, the economy entered a phase of gradual recovery, leading to a steady resurgence in financing demand. The revenue from the mortgage loan business was approximately HK$65.8 million and accounted for approximately 40.0% of the Group's total revenue during the year. The gross mortgage loan receivables were approximately HK$612.5 million as at 28 February 2026. During the year, net interest margin of the mortgage loan business was approximately 10.1%.
In FY2026, the Group maintained a disciplined and risk-sensitive approach in its lending activities. While we observed an encouraging stabilization in the residential property market, the Group exercised intensified vigilance toward the commercial and industrial sectors due to persistent supply overhangs and valuation pressures. Our underwriting strategy remained focused on building a resilient loan portfolio by prioritizing high-quality collaterals and prudent loan-to-value ratios. During the year, the average loan-to-value ratio for first mortgage was approximately 56.27%, while overall average loan-to-value ratio for subordinate mortgage was approximately 40.82% of which, average loan-to-value ratio of subordinate mortgage that the Group participated in was approximately 3.73%.
Reflecting our robust credit risk management, the charge for impairment losses recognized on loan receivables decreased from approximately HK$46.3 million to approximately HK$12.7 million, representing a decrease of approximately 72.6% or HK$33.6 million.
Pawn Loan Business
The revenue from the pawn loan business increased by approximately 12.9% to approximately HK$98.6 million in FY2026. The business's profitability was further bolstered by a significant 73.0% increase in the gain on disposal of repossessed assets, which reached approximately HK$19.2 million as compared to approximately HK$11.1 million in FY2025. This performance was mainly attributed to the unprecedented strength of gold prices and a highly active secondary market for luxuries, particularly high-end timepieces. These factors have further solidified the pawn loan business as a resilient and strategic hedge against broader economic volatility.
During the year, the Group continued to channel resources to advertising and promotion to enhance the Group's brand exposure. Such effort has generated demand for one-to-one pawn loan appointment services for pawn loans exceeding HK$0.1 million.
PROSPECTS
Looking ahead, the Group maintains a stance of cautious optimism regarding the global economic recovery. While macroeconomic and geopolitical uncertainties may persist, we remain dedicated to a proactive yet prudent strategy to ensure sustainable long-term growth and maximize returns for our shareholders.
Within the mortgage loan market, our strategy will be characterized by a calibrated and divergent approach. We continue to hold an optimistic outlook on the residential property segment, where we intend to capitalize on the stabilizing interest rate environment by identifying high-quality mortgage opportunities. Conversely, we maintain cautious and vigilant towards the commercial and industrial sectors. Given the structural challenges of inventory overhang and the increasing prevalence of distressed assets, the Group will exercise intensified oversight in its credit underwriting and collateral appraisal to mitigate valuation risks.
Regarding our core operations, we anticipate our pawn loan business to remain resilient, supported by a firm gold price trajectory and sustained demand for liquidity management. To further enhance operational efficiency, the Group is actively optimizing its pawn shop network. We are strategically identifying more cost-effective locations within our established service areas, aiming to relocate our pawn outlets to premises with more competitive lease terms to reduce operating overheads while maintaining our leading market presence.
Simultaneously, our strategic partnership with PACM Group remains a key driver for geographic diversification. By proactively exploring institutional credit opportunities in developed markets while maintaining rigorous investment oversight, the Group is well-positioned to navigate evolving industry dynamics and deliver stable value to all stakeholders.
Mr. Edward Chan, Chairman and CEO of the Company, said, "Global geopolitical and macroeconomic uncertainties intertwine, placing pressure on the global economic recovery and posing ongoing challenges to the local property market. In the face of a complex external environment, Oi Wah has consistently adhered to a proactive yet prudent management strategy. Our core pawn loan business has fully demonstrated its role as a strategic tool to hedge against macroeconomic fluctuations, showcasing the Group's strong resilience amidst market challenges.
Looking forward, we will adopt a carefully calibrated differentiation strategy and continue to drive regional diversification. Under strict investment monitoring, we will actively explore business opportunities in developed markets to further expand our revenue streams and customer base, striving to deliver long-term, stable, and sustainable returns for our shareholders."
Hashtag: #OiWah
The issuer is solely responsible for the content of this announcement.
About 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 and one premium service center 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.
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