Edgbaston Investment Partners LLP (Edgbaston) recently added to their stake in HK-listed Xinhua Winshare Publishing and Media Company (Xinhua Winshare). According to a filing submitted to the Hong Kong Stock Exchange on August 7th, 2017, the firm bought 397,000 shares on the exchange on August 4th at an average price of HKD 6.4702 per share (the total consideration was ~US$329,000). Following the purchase, Edgbaston’s stake in Xinhua Winshare increased from 7.97% to 8.06% of the company’s shares outstanding.
Xinhua Winshare is principally engaged in the editing, publishing and sale of general books, education textbooks and audiovisual products. The company operates through two main segments: publishing and distribution. Xinhua Winshare was founded by the Sichuan Xinhua Publishing Group in 2005 and was listed on the Hong Kong Stock Exchange in 2007.
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.