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Ricoh Hong Kong Announces Launch of Ricoh InnoAI Program and Establishes Ricoh InnoAI Center at Cyberport to Accelerate Commercialization of AI Startups
Strengthening Hong Kong’s Position as an International Innovation and Technology Hub
HONG KONG SAR – Media OutReach Newswire – 5 March 2025 – Ricoh Hong Kong Limited, a global leader in innovative imaging technology, IT services and digital solutions, has been transforming the way people work and communicate. As we enter the era of artificial intelligence (AI), Ricoh as an industry pioneer is proud to announce the launch of the Ricoh InnoAI Program. In collaboration with the Ricoh Software Research Center Beijing (SRCB), Ricoh will establish a dedicated International AI Research Center, the Ricoh InnoAI Center, at Cyberport, Hong Kong’s flagship digital technology and AI hub. The establishment has been created with the support of Dr. Dong Bin, who has been appointed as the Chief Scientist to provide technical support to local enterprises. The Ricoh InnoAI Center at Cyberport offers an extraordinary future-ready working environment and impactful meeting facilities designed to foster close collaboration for participating AI startups.
The Ricoh InnoAI Program will be initiated with funding of over HKD 50 million. It aims to provide participating companies with advanced AI technology resources, commercialization opportunities, business development support, and potential funding from the Ricoh Innovation Fund. This initiative will accelerate the commercialization and growth of AI startups, helping various industries in Hong Kong to expand internationally and solidify Hong Kong’s status as a global innovation and technology hub.
To mark this significant occasion, Ricoh Hong Kong held a launch ceremony for the Ricoh InnoAI Program at Cyberport today. The event was honorably attended by distinguished guests, including Ms. Cheong Man Lei, Lillian, JP, Under Secretary for Innovation, Technology and Industry; Mr. Charles Ng, the Associate Director-General of Invest Hong Kong (InvestHK); Mr. Komatsu Yojin, Director, Economic Division, Consulate-General of Japan in Hong Kong; Mr. Simon Chan Sai-ming, BBS, JP, Chairman of Hong Kong Cyberport Management Company Limited; Mr. Howard Cheng Hay-wing, Chief Operating Officer of Hong Kong Cyberport Management Company Limited; Ms. Georgina Chu, Chief Corporate Development Officer of Hong Kong Cyberport Management Company Limited; Mr. Kei Uesugi, Managing Director of Ricoh Asia Pacific; Mr. Aaron Yim, Chairman, Ricoh Hong Kong; Mr. Ricky Chong, Managing Director, Ricoh Hong Kong; Mr. Go Fujimoto, President, Ricoh Software Research Center Beijing; and Mr. Dong Bin, Vice President, Ricoh Software Research Center Beijing. During the event, guests shared their visions for future technological development, emphasizing the importance of collaboration and innovation, and collectively witnessed this new milestone for Hong Kong’s AI-oriented future.
Ms. Cheong Man Lei, Lillian, JP, Under Secretary for Innovation, Technology and Industry, stated in her speech that in the rolling tide of AI, Hong Kong has not been absent. On the contrary, Hong Kong has prepared itself early and is also actively aligning with the national “AI+” initiative, driving AI development through comprehensive policies. These include the upcoming HK$3 billion Frontier Technology Research Support Scheme to further strengthen HK’s upstream research capability, the Cyberport AI Supercomputing Centre that will provide high-performance computing power of 3 000 petaFLOPS to support impactful R&D projects on AI, a HK$3 billion AI Subsidy Scheme to support academia and industries in utilizing Cyberport’s computing power for AI innovation, and the recently announced HK$1 billion allocation in the Budget to establish the Hong Kong AI Research and Development Institute to spearhead AI development and industry applications across government services, law, finance, healthcare, education, etc, in HK, positioning AI as a pivotal emerging industry for Hong Kong. Hong Kong has gradually built a thriving AI ecosystem. She is confident that Hong Kong will emerge as one of the leading hub in AI technology. In the near future, AI will become a cornerstone industry for Hong Kong, also spurring new “AI+” pillar industries that contribute to our new real economy. Hong Kong will also serve as a nexus for international collaboration in the AI sector.
As outlined in the “14th Five-Year Plan,” Hong Kong is positioned as an international innovation and technology hub. Hong Kong also plays a crucial role in “bringing in and going global,” making it an ideal base for Ricoh Asia Pacific to gather talent from the Greater Bay Area and around the world.
Mr. Kei Uesugi, Managing Director of Ricoh Asia Pacific, said: “Hong Kong is a culturally diverse and vibrant city with a mature business environment and a wealth of talent. We believe that the launch of the Ricoh InnoAI Program, coupled with the technical support from the Ricoh Software Research Center Beijing (SRCB), will drive technological innovation and economic growth across various industries in Hong Kong. Ricoh Asia Pacific will actively collaborate with local tech startups, leveraging our expertise and resources to inspire more creativity and cooperation, promote the application of AI technology, and contribute to future development.”
Mr. Simon Chan Sai-ming, BBS, JP, Chairman of Hong Kong Cyberport Management Company Limited, said: “As Hong Kong’s AI hub and accelerator, Cyberport is centered around its AI Supercomputing Centre and AI Lab, forming a comprehensive AI ecosystem that brings together leading industry players from around the world and over 350 start-ups focused on AI and data science R&D. By leveraging their diverse capabilities in computing power development, large-scale model construction, and extensive industry applications, Cyberport drives AI innovation and empowers digital transformation and intelligent upgrades across various industries. Ricoh Hong Kong has launched the Ricoh InnoAI Program and established the Ricoh InnoAI Center at Cyberport, further enriching Cyberport’s thriving AI ecosystem, enhancing the technical R&D and business development advantages of outstanding Cyberport companies, and laying the groundwork for expanding into both local and international markets. Cyberport looks forward to collaborating with Ricoh Hong Kong to providing comprehensive support for the development of AI enterprises, accelerating R&D and applications across different segments of the industry ecosystem chain, promoting AI industrialisation and supporting Hong Kong’s development as an international hub for AI and innovation technologies.”
Ricoh Asia Pacific Establishes International AI Research Center at Cyberport to Provide Resources for Local Enterprises
As a global leader in technology, Ricoh Asia Pacific has always focused on providing intelligent digital solutions to maximize corporate profitability and enhance operational efficiency. Mr. Ricky Chong, Managing Director of Ricoh Hong Kong Limited, stated: ” Ricoh Hong Kong aims to leverage its extensive customer resources accumulated over the years in Hong Kong through the “Ricoh InnoAI” initiative, bringing the value of AI applications to various local businesses and achieving the goal of “AI to Business (AI2B).” Ricoh Hong Kong has signed a cooperation agreement with Hong Kong Cyberport to establish the “Ricoh InnoAI” center at Cyberport in the second quarter of 2025, serving as the AI research and development hub for the Asia-Pacific region. Together with Hong Kong Cyberport, Ricoh Software Research Center Beijing (SRCB), and AI partners under the Ricoh InnoAI initiative, we will jointly build Ricoh’s unique AI2B ecosystem. Currently, Ricoh Hong Kong has collaborated with over 10 technology companies to develop a range of industry-specific AI intelligent agents, including AI knowledge assistants, sales and marketing assistants, and customer service assistants. We look forward to deepening our collaboration with Hong Kong’s innovation and technology sector through this initiative, propelling Hong Kong’s AI innovation capabilities into Ricoh’s Asia-Pacific region and nearly 200 markets worldwide, and working hand in hand with local innovation forces to ‘set sail for global expansion.'”
Ricoh offers a diverse product portfolio, including the Ricoh InnoAI Hub integrated with its self-developed enterprise large-language-model (LLM) (which can be connected to other large-language-models such as DeepSeek as per customers ‘ needs), intelligent multifunctional printer solutions with innovative imaging technology, IT services, and advanced digital solutions. These will help local enterprises make significant progress in the application of AI technology.
For the newly launched Ricoh InnoAI Program, Ricoh will invest substantial resources to provide comprehensive technical support and resources to participating companies, assisting them in developing innovative technologies. This includes:
- Initial Funding: A budget of HKD 50 million for the first year, primarily used for setting up offices at Cyberport, staffing, and infrastructure. The initial phase will involve hiring 20 developers to support the project.
- Technical Support: Leveraging the latest AI technologies developed by the Ricoh Software Research Center Beijing, providing advanced AI tools and technical support, including self-developed large language models (LLMs), to help participating companies develop safer and more cost-effective AI innovations.
- Sales Team and Marketing Resources: Providing sales and marketing resources to assist partners in market promotion, brand building, and business expansion, while sharing industry best practices. Ricoh’s sales team of over 100 members will actively promote products and services to approximately 30,000 corporate clients.
- Space and GPU Support: Establishing a dedicated Ricoh InnoAI Center at Cyberport, offering innovative working environments and meeting facilities for participating companies. Additionally, GPU resources will be procured from Cyberport to support computational needs for innovation and technical development.
- Business Development Support: Ricoh Hong Kong will provide resource assistance to each partner participating in the Ricoh InnoAI Program. In addition to office space and infrastructure at the Ricoh InnoAI Center in Cyberport, Ricoh will offer mentorship, strategic partnerships, professional guidance, and marketing and sales resources to facilitate business growth.
The Ricoh InnoAI Program is Divided into Four Stages, Selecting Approximately 50 Outstanding Partners Annually
Through a series of resource investments, Ricoh Hong Kong aims to provide free AI development resources to enterprises by leveraging its cutting-edge enterprise AI-powered Agents, the Ricoh InnoAI Hub, and its self-developed enterprise large language models. Ricoh will also act as a “super-connector,” utilizing its global network and market expertise to accelerate market expansion and commercialization for participating companies.
Ricoh Hong Kong expects to recruit participating companies annually, inviting Cyberport to recommend outstanding enterprises and selecting approximately 50 outstanding partner teams to ensure industry diversity. The program includes professional guidance, sales, and market expansion resources to help companies develop clear market strategies. Through Ricoh’s sales and market expansion teams, companies will be assisted in promoting their products and solutions through diverse channels, providing profit opportunities and platforms for business expansion. Ultimately, the goal is to promote products or services to the Asia-Pacific market and beyond.
Cyberport Builds AI Ecosystem to Help Hong Kong Become an International AI and Innovation Hub
As Hong Kong’s flagship digital technology hub and AI accelerator, Cyberport is committed to building a comprehensive ecosystem that encompasses computing power building, general and specialized large language model construction, model risk assessment, industry application support, study of governance and ethics. This includes establishing benchmarks for the quality and safety of AI models and researching governance and risk management reference guidelines for AI applications.
Currently, Cyberport is home to over 350 startups focused on AI and big data research and development. It has also attracted several leading AI enterprises and facilitated collaborations with top tech companies, leveraging their capabilities in computing power development, large model construction, algorithms, and data science to promote AI innovation and application. By gathering talent and innovative resources from both local and international sources, Cyberport supports innovative R&D and applications across different segments of the AI ecosystem chain, driving industrial development and helping Hong Kong grow into an international innovation and AI hub.
In addition, Cyberport launched the largest AI supercomputing center (AISC) in Hong Kong last year. With the HKSAR government’s funding of HKD 3 billion, Cyberport is implementing the Artificial Intelligence Subsidy Scheme (AISS) to support local universities, R&D institutions, strategic enterprises and government departments in utilizing the computing power of the Cyberport AISC to achieve more scientific breakthroughs and strengthen the development of the local AI ecosystem. Cyberport AI Lab marshals R&D capabilities of AI ecosystem partner companies, providing an interactive space for showcasing AI solutions and launching service products. It offers a platform for AI ecosystem partners and enterprises to experience various supercomputing AI tools, hardware and language models, collaboratively exploring product innovation and technology integration for application in varied industries and scenarios.
Expanding Innovation Funding to Scale Startups and Accelerate AI Technology Industry Development
Ricoh Group currently offers the Ricoh Innovation Fund, which is aimed at scaling startups and providing funding support for technological innovation. As a corporate venture capital (CVC) fund, the Ricoh Innovation Fund focuses on supporting promising startups, particularly in the field of AI technology. The Ricoh InnoAI Program will further accelerate enterprise development and operations, creating a more robust business environment in Hong Kong and fostering continued growth, particularly in the field of AI technology.
Ricoh Asia Pacific will provide sales and marketing support to these enterprises, offering market insights and industry best practices to help them effectively promote their products and services. Ricoh aims to help local enterprises streamline data and improve performance in the most efficient way, leveraging Cyberport’s computational power to encourage local enterprises to flourish. This will not only enhance the business performance of startups but also create new business opportunities for Ricoh Asia Pacific, increasing the diversity of Ricoh’s product technology.
By providing opportunities for local innovation and technology enterprises and strengthening the application of AI technology among local companies, Ricoh hopes to promote overall digital transformation and business growth, enhancing market competitiveness. This will enable enterprises to generate profits in the Asia-Pacific market, including Japan, Taiwan, Singapore, and Malaysia, and to further expand Hong Kong’s innovation ecosystem, thereby providing a platform for collaboration and exchange.
Hashtag: #Cyberport #Ricoh
The issuer is solely responsible for the content of this announcement.
About Ricoh (Hong Kong) Limited
Established in 1963, Ricoh (Hong Kong) Limited focuses on digital services and office solutions. Entering the era of digital transformation, Ricoh’s Four Areas of Expertise includes Hybrid Workplace, Workflow & Automation, Cloud & IT Infrastructure, and Cybersecurity. Ricoh has been actively advocating corporate evolution in recent years, accompanied by digital services and four customer values: Simplifying Complexity, Uncovering Hidden Opportunities, Overcoming Obstacles, and Embracing Diversity, bringing people and technology together, so companies can focus on forward.
For more information, please visit 
www.ricoh.com.hk
About Cyberport
Cyberport is Hong Kong’s digital technology flagship and incubator for entrepreneurship with over 2,100 members including over 900 onsite and over 1,200 offsite start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong Special Administrative Region Government, and committed to the vision to inject new impetus into digital economy and smart city development through innovation and technology, and to connect enterprises to Mainland China and overseas markets. Cyberport strives to nurture a vibrant tech ecosystem by cultivating talents, promoting entrepreneurship among the youth, supporting start-ups, fostering technology industry development by promoting strategic collaboration with local, Mainland Chinese and international partners, and integrating new and traditional economies by accelerating digital transformation in public and private sectors.
For more information, please visit www.cyberport.hk
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New Battery-Operated Bluetooth® Controller Enables Truly Mobile, Plug-and-Play Access
Powerful Performance from Just Four AA Batteries
Powered by only four AA batteries, the controller delivers over two years of operation when driving a 12VDC latch, dramatically reducing maintenance compared to typical battery-powered systems. Its high-efficiency internal buck/boost technology ensures optimal power delivery while using fewer batteries than conventional approaches.
Redundant Power for Critical Access
When batteries eventually require replacement, Southco has designed built-in redundancy to avoid downtime. A power override port—compatible today with a 9V battery and adaptable for future power inputs—provides temporary power so users can unlock the enclosure, replace batteries, and restore full operation quickly.
Smart Monitoring Through the Keypanion® App
Battery health is continuously monitored through Southco’s Keypanion® App, which alerts users well before battery replacement is needed, reducing the likelihood of emergency access situations.
For Original Equipment Manufacturers building their own mobile apps, Southco also offers a Software Development Kit (SDK), enabling seamless integration between the controller and customers’ existing digital ecosystems.
Designed for Real-World Enclosures
A removable battery pod allows fast, frustration-free battery changes—especially valuable in tight, hard-to-reach installations. Users can slide out the cartridge, load all batteries at once, and reinsert it without navigating cramped enclosure spaces.
The controller also features true plug-and-play installation. Simply insert the four AA batteries, plug in the latch, and the system is ready to operate—no wire splicing, no external power, and no additional electronics required.
Mobile Access Without Security Infrastructure
With the Keypanion® App, users can activate, manage, and share access directly from a mobile device. There is no server setup, no IT overhead, and no wiring required. Permissions can be granted or revoked instantly, replacing physical keys with secure digital control.
New Possibilities for Remote and Unpowered Applications
This combination of self-contained power, Bluetooth® connectivity, and mobile access expands what designers can do in environments once considered too challenging for electronic access. Ideal applications include:
- Remote and public installations without external power
- Retrofit upgrades for existing unpowered enclosures
- Critical infrastructure such as fiber optic boxes requiring secure, monitored access
By eliminating the need for solar panels, power drops, or complex security systems, Southco’s Battery-Operated Bluetooth® Controller reduces material costs and gives OEMs far greater design freedom.
A Flexible, Future-Ready Solution
Beyond immediate use cases, the power override port helps engineers address mechanical override considerations by providing a reliable method to restore power and gain entry when traditional power sources fail—a major benefit noted by early customer feedback.
The Battery-Operated Single Output Bluetooth® Controller provides a strong foundation for the next generation of remote access solutions, delivering convenience, efficiency, and security in one streamlined device.
For more information, please visit www.southco.com or email Southco’s 24/7 customer service team at in**@*****co.com.
Hashtag: #Southco
The issuer is solely responsible for the content of this announcement.
About Southco
Southco, Inc. is the leading global designer and manufacturer of engineered access solutions. From quality and performance to aesthetics and ergonomics, we understand that first impressions are lasting impressions in product design. For over 80 years, Southco has helped the world’s most recognized brands create value for their customers with innovative access solutions designed to enhance the touch points of their products in transportation and industrial applications, medical equipment, data centers and more. With unrivalled engineering resources, innovative products and a dedicated global team, Southco delivers the broadest portfolio of premium access solutions available to equipment designers throughout the world.
Southco Asia Limited
2401, Tower 2, Ever Gain Plaza
88 Container Port Road, Kwai Chung
Hong Kong
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OTIC Hearing Unveils New Audiological Milestones In Hong Kong: Launching The Award-Winning Oticon Zeal And The Pediatric Oticon Play SI Platforms
Developed to mimic natural brain sound processing, these platforms represent a major leap forward in treating hearing loss across all ages. Together, the Oticon Zeal and Oticon Play SI lines bring the next evolution of BrainHearing™ technology to Hong Kong. Headlining this release is the custom-molded Oticon Zeal, which recently won the 2026 Red Dot Design Award—one of the world’s most prestigious international seals of design quality and innovation. By introducing these dual systems, OTIC Hearing effortlessly bridges the gap between invisible aesthetics for image-conscious adults and robust learning support for developing children.
Oticon Zeal: Setting a New Standard for Invisible Hearing Technology
For many adults experiencing mild-to-moderate hearing impairment, the social stigma of traditional behind-the-ear devices remains a major deterrent to seeking intervention. Oticon Zeal rewrites this narrative with its NXT In-the-Ear (ITE) style.
Individually sculpted to fit deeply within the user’s ear canal, Oticon Zeal achieves absolute invisibility when viewed from a frontal profile, presenting an ultra-compact faceplate only when observed directly from the side. This is achieved via advanced 3D modeling and laser-sculpting technology, which integrates complex components into an exceptionally small shell without compromising on features.
Overcoming a historic limitation of invisible hearing aids, the frequent changing of tiny disposable batteries; Oticon Zeal introduces an integrated lithium-ion rechargeable power cell. The system delivers up to 20 hours of continuous battery life on a single charge. Every device pairs with a desktop SmartCharger that functions as a mobile power bank. For urgent situations, a fast-charging protocol provides four hours of operational power from a brief 15-minute charge.
Deep Neural Network 2.0 Processing
At the core of Oticon Zeal’s processing is an on-chip, second-generation AI engine. Driven by an updated Deep Neural Network (DNN) 2.0 and a SuddenSound Stabilizer, the processor scans and balances the surrounding soundscape hundreds of times per second.
Standard digital hearing systems often rely on narrow, directional microphones that isolate a single speaker while dampening peripheral noise. This artificial restriction deprives the brain of essential contextual audio, creating cognitive strain and mental fatigue.
In contrast, Oticon Zeal’s AI preserves a natural, 360-degree open soundscape. By suppressing sudden background noises by up to 12 decibels while actively enhancing speech clarity by up to 6 decibels, the platform allows the brain to naturally choose which sound source to focus on, even within high-volume environments like corporate meetings or crowded restaurants.
Oticon Play SI: Purpose-Built Pediatric Care for Growing Minds
Alongside the adult-focused Oticon Zeal, OTIC Hearing is introducing Oticon Play SI to deliver specialized auditory care tailored directly to the unique developmental requirements of growing children. The Oticon Play SI family is optimized to deliver a rich, high-fidelity sound stream essential for language acquisition, academic success, and social confidence.
Children live dynamic lives, moving rapidly from quiet homes to noisy classrooms and playgrounds. Oticon Play SI addresses this volatility by becoming the industry’s first pediatric family to combine a second-generation AI processing core with integrated 4D user-intent sensors.
These sensors track physical head movements, body activity levels, and localized acoustic shifts. The system automatically adjusts its processing parameters in real time, ensuring the child remains clearly connected to teacher instructions, parental guidance, and peer interactions.
To withstand childhood adventures, Oticon Play SI features an IP68-certified robust housing, offering maximum protection against dust, moisture, and debris. This fully sealed architecture safeguards delicate internal circuitry from sweat, rain, and accidental spills. Available in versatile miniRITE R and miniBTE R styles, the lineup offers a broad array of 12 expressive color choices, seven colored ear-hook options, and custom decorative stickers, empowering children to wear their devices with personal pride.
Advanced Digital Connectivity
To seamlessly interface with today’s digital environment, both Oticon Zeal and Oticon Play SI feature state-of-the-art streaming protocols. Utilizing advanced Bluetooth® LE Audio technology, both product families deliver low-energy direct audio streaming from smartphones, tablets, laptops, and smart televisions, keeping users connected without draining device batteries.
Hashtag: #OTIC
The issuer is solely responsible for the content of this announcement.
About OTIC Hearing
Established in 2005, OTIC Hearing (Otic Hearing & Speech Centre) is one of the largest, most trusted hearing care clinical groups in Hong Kong. Guided by a corporate philosophy of “People First”, OTIC Hearing manages a comprehensive network of eight specialized service centers strategically distributed across Hong Kong Island, Kowloon, and the New Territories. Clinics are located in Central, Causeway Bay, Jordan, Tsim Sha Tsui, Kwun Tong, Shatin, Tsuen Wan, and Yuen Long.
As the exclusive distributor of Oticon A/S in Hong Kong, OTIC Hearing pairs world-leading technology with an elite team of clinical audiologists and technical hearing specialists. Every facility is fully outfitted with advanced diagnostic and testing instrumentation, allowing the clinical team to deliver precise hearing assessments, custom-fitting protocols, and specialized pediatric auditory rehabilitation. OTIC Hearing maintains a strict commitment to ongoing professional training, ensuring that every client receives a supportive, accurate rehabilitation journey designed to restore lifestyle confidence.
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Pacific Century Premium Developments Limited announces interim results for six months ended June 30, 2026
2026 Interim Results – Financial Highlights
(Figures for the corresponding period in 2025 are shown in brackets)
- Consolidated revenue: HK$593 million (HK$ 636 million)
- Consolidated net loss attributable to equity holders of the Company: HK$189 million (HK$ 249 million)
- Basic loss per share: 9.28 HK cents (12.23 HK cents)
- No interim dividend (No interim dividend)
Pacific Century Premium Developments Limited (“PCPD”, SEHK: 00432) announced its interim results for the six months ended June 30, 2026.
The consolidated revenue of PCPD and its subsidiaries (together, the “Group”) amounted to HK$ 593 million, compared to HK$ 636 million for the corresponding period of 2025.
The Group’s consolidated loss attributable to equity holders of the Company for the first six months of 2026 totalled HK$ 189 million, compared to a net loss of HK$249 million for the corresponding period last year. Basic loss per share for the six months ended June 30, 2026 was 9.28 Hong Kong cents, compared to a loss per share of 12.23 Hong Kong cents for the corresponding period of 2025.
The Board of Directors did not declare an interim dividend for the first half of 2026.
For the first half of 2026, the Group delivered encouraging results as we built on our core strengths and benefited from resilient demand across the markets in which we operate. During the period, we also took steps to enhance our portfolio, including the disposals of two investment assets. These initiatives are expected to strengthen the Group’s financial position and reinforce its long-term growth.
Our operations in Japan performed well despite some moderation in tourism demand, shaped by changes in the composition of international visitors and fluctuations in travel demand. Park Hyatt Niseko, Hanazono, our hospitality business in Niseko, Hokkaido, delivered a stable performance with healthy occupancy and room rates, while our ski operations remained a key contributor to the Group’s results. Earnings from our recreational facilities, ski lifts, equipment rentals, “Hanazono EDGE” (a restaurant and entertainment centre) and Niseko International Snowsports Schoolcontinued togrow year-on-year. We will stay focused on establishing Niseko Hanazono Resort as a world-class, all-season luxury destination and remain optimistic about its long-term development.
On March 16, 2026, the Group announced the sale of its entire interest in Pacific Century Place, Jakarta (“PCP Jakarta”) in Indonesia. The transaction, at a total consideration of US$400 million, was completed on June 8, 2026. Notwithstanding the disposal, the Group will continue to provide property management services in respect of PCP Jakarta.
On February 13, 2026, the Group announced the sale of its entire interest in Midtown Niseko. The transaction, at a total consideration of US$80 million, was completed on May 31, 2026.
The Group formed a strategic alliance with Hotel Properties Limited in Singapore to bring a Four Seasons Resort and Branded Residences to Aquella, a large-scale integrated resort development in Phang Nga. The move represents a significant milestone in PCPD‘s long-term vision of transforming Aquella into an integrated resort destination that effortlessly blends luxury living, recreation and exceptional service.
Central Residence by the Park in Hong Kong was launched for sale in January 2026. As at the end of June, 90.9% of the total available units of the luxury residential project had already been sold. The project will be completed in the latter half of 2026.
Mr. Benjamin Lam, PCPD’s Deputy Chairman and Group Managing Director, said: “The first half of 2026 presented a challenging global environment, characterised by geopolitical tensions including the conflict in the Middle East, inflation, trade uncertainties and concerns over monetary policies. Despite the headwinds, global growth was relatively resilient, while international tourism in many parts of Asia continued to perform steadily. The Group’s core markets in Asia generally remained solid during the period. Tourism demand continued to support Japan and Thailand despite a slightly more measured pace of growth. Improving sentiment in Hong Kong’s property market also provided a more favourable backdrop for our luxury residential development.
In the second half of the year, we will continue to enhance the value of our existing assets while positioning the Group to capitalise on opportunities that support our long-term strategy and create value for our stakeholders.”
Hashtag: #PacificCenturyPremiumDevelopments
The issuer is solely responsible for the content of this announcement.
About PCPD
Pacific Century Premium Developments Limited (“PCPD” or the “Group”, SEHK: 00432) is principally engaged in the development and management of premium-grade property and infrastructure projects as well as premium-grade property investments. PCCW Limited (“PCCW”, SEHK: 00008) is the single largest shareholder of the Group.
