Oi Wah Pawnshop Credit

Oi Wah Pawnshop could be a sign of the times

Oi Wah Pawnshop Credit

The initial public offering by Oi Wah Pawnshop Credit is tiny at just HK$98 million. But just for being the first pawnshop in Hong Kong to go boldly where no pawnshop has gone before, it has attracted the attention of investors. The IPO was 1,085 times oversubscribed and shares surged 34 per cent on the first day of trading on Tuesday. But the share price plunged almost 7 per cent yesterday as the broader markets fell.

Thursday, 14 March, 2013, 2:59am

Pawnshop shares surge by 34pc on the day of launch

Following the Tsui Wah IPO, Oi Wah's listing again reflected investors' enthusiasm for branded local names.

Oi Wah Pawnshop Credit, the most popular initial public offering in Hong Kong by far this year, surged yesterday on its trading debut.

13 Mar 2013 - 5:45am

IPO by pawnshop chain designed to grow mortgage loans

Oi Wah provides cash in return for valuables such as gold, jewellery, watches and even properties. Photo: Felix Wong

Oi Wah Pawnshop Credit started its mortgage business in 2009, with mortgage loans surging to HK$67 million in November last year from HK$4 million in February 2010.

28 Feb 2013 - 5:02am