Senrigan Capital Group (Senrigan) recently increased its stake in HK-listed Winto Group (Holdings) Limited (Winto Group). According to a filing submitted to the Hong Kong Stock Exchange on January 25th, 2018, the firm bought 223,384,000 shares on January 25th on the exchange at an average price of HKD 0.058 per share (total consideration was ~US$1.66m). Following the purchase, Senrigan’s stake in the company increased from 4.47% to 7.05%.
Winto Group is a media company principally engaged in the sales and free distribution of Chinese language lifestyle magazines, the sales of advertising space in the magazines and the provision of outdoor advertising services. The group owns and publishes six magazines, including Motoz Trader, Motoz Trader (Free), Motoz Xpress/Shopping Monthly (a 2-in-1 dual cover magazine), Motoz Xpress/Shopping Monthly (Free) (a 2-in-1 dual cover magazine), Pets Buyer and Bplus. The outdoor advertising business is engaged in taxi advertising, minibus advertising, ice cream vehicle advertising, roof top and exterior wall advertising, outdoor light box advertising, and LED screen advertising.
Senrigan is a Hong Kong-based, event-driven hedge fund led by former Citadel managing director Nick Taylor. The firm was founded in early 2009 and received seed backing from Blackstone Alternative Asset Management.