Edgbaston Adds To Wasion

Edgbaston Investment Partners (Edgbaston) recently added to their stake in HK-listed Wasion Group Holdings (Wasion). According to a filing submitted to the Hong Kong Stock Exchange on September 19th, 2017, the firm bought 522,000 shares on the exchange at an average price of HKD 3.5521 per share on September 18th (total consideration was ~US$238k). Following the purchase, Edgbaston’s stake in Wasion increased from 6.98% to 7.03% of the company’s shares outstanding.

Wasion is a leading provider of advanced metering, distribution and energy efficiency management solutions in China. The company was listed on the Hong Kong Stock Exchange in 2005.

Edgbaston is an employee-owned, long-only investment firm established in 2008 by Charu Fernando and partners to specialise in Asia Pacific ex-Japan equity investments. It was formed with the support and backing of Silchester International Investors.