Silchester International Investors LLP (Silchester) recently added to their stake in HK-listed COSCO SHIPPING Ports Limited (COSCO SHIPPING Ports). According to a filing submitted to the Hong Kong Stock Exchange on December 15th, 2017, the firm bought 2,500,000 shares off the exchange at an undisclosed price on December 15th. Following the purchase, Silchester’s stake in COSCO SHIPPING Ports increased from 8.99% to 9.08%.
COSCO SHIPPING Ports manages and operates terminals. Its network of terminals extends to more than 30 ports globally, covering the main five port clusters along the Chinese coast, Southeast Asia, Europe, the Mediterranean and the Black Sea. The company’s ultimate parent is COSCO SHIPPING Corporation Limited, one of the largest integrated shipping enterprises in the world.
Silchester is a London-based investment management company. The firm was formed in 1994 to specialise in international equity investment, primarily on behalf of institutional investors. Silchester has one investment program, International Value Equity, and offers this program exclusively through five long-only commingled funds.