Dalton Adds To CSI Properties

Dalton Investments LLC (Dalton) added to their stake in HK-listed CSI Properties Limited (CSI). According to a filing made to the Hong Kong Stock Exchange on April 10th, 2017, the firm bought 6,550,000 shares on the exchange at an average price of HKD 0.355 per share on April 6th (total consideration was ~US$299,000). Following the purchase, their stake in CSI increased from 6.95% to 7.01% of the company’s shares outstanding.

CSI is a property investor and developer in Greater China with approximately two million square feet of properties in Hong Kong and Shanghai under active management and development. The company’s two key divisions are CSI Investment Properties, their investment property division, and Couture Homes, their life-style luxury residential division.

Dalton is a value-focused investment management firm with expertise in Asia equities, global equities and fixed income. The firm manages ~US$3.1bn (as of December 31, 2016) in actively managed long only and long/short strategies for pensions, endowments, foundations, financial institutions and family offices. Dalton is headquartered in Los Angeles and has a subsidiary office in Tokyo.