Edgbaston Reduces Stake In Singamas

Edgbaston Investment Partners (Edgbaston) recently trimmed their stake in HK-listed Singamas Container Holdings (Singamas). According to a filing made to the Hong Kong Stock Exchange on March 27th, 2017, the firm sold 432,000 shares on the exchange at an average price of HKD 1.211 per share on March 22nd (total consideration was ~US$67,000). Following the sale, their stake in Singamas decreased slightly from 5.01% to 4.99% of the company’s shares outstanding.

Singamas is a leading manufacturer of containers, operator of terminals and container depots and provider of logistics services. The company was founded in 1988 and listed on the Hong Kong Stock Exchange in 1993. Substantial shareholders besides Edgbaston include Pacific International Lines, Prime Capital Management and Shah Capital Management.

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. They are also invested in Texwinca Holdings (see my post here for a brief overview of the company).