Brandes Investment Partners (Brandes) recently added to their stake in Hong Kong-listed First Pacific Company Limited (First Pacific). Based on a filing submitted to the Hong Kong Stock Exchange on August 8th, 2018, Brandes bought 3,514,262 shares on the exchange at an average price of HKD 3.62 per share on August 6th (the total consideration was ~US$1.6m). As a result, Brandes’ stake in First Pacific increased from 6.94% to 7.02% of the company’s shares outstanding.

First Pacific is a Hong Kong-based investment management and holding company with its primary operations located across the Asia-Pacific region. The company’s principal business interests relate to consumer food products, infrastructure, natural resources and telecommunications. You can read more about the company’s history here.

Brandes is an investment advisory firm that serves individuals, financial advisors, institutions, foundations and endowments. They invest globally using a bottom-up, value approach and manage a variety of equity and fixed-income strategies. Assets under management are ~US$28bn. The firm was founded in 1974 by Charles Brandes and is headquartered in San Diego, California. You can read their Q2 2018 Asia Pacific ex-Japan equity strategy notes here.