Briarwood Capital Partners (Briarwood) recently trimmed their stake in HK-listed Zhong Ao Home Group (Zhong Ao). Based on a filing made to the Hong Kong Stock Exchange on July 29th, 2019, the firm sold 30.0m shares on the exchange at an average price of HKD 0.70 per share on July 25th. Following the sale, Briarwood’s stake in Zhong Ao decreased from 7.38% to 3.71% of the company’s shares outstanding.

Zhong Ao provides developers and owners of residential properties, commercial properties and government buildings with a broad range of management services. These services include standard property management services as well as ancillary services such as cleaning, gardening, security, repair and maintenance and butler services. Zhong Ao also provides property developers with sales assistance by deploying on-site staff to maintain sales centers and facilitate various aspects of the sales process.

Briarwood is focused on concentrated, long term investing in emerging and frontier markets. The fund was founded (and is currently run) by Aalap Mahadevia who previously worked at Tiger Consumer Management, Farallon Capital and Leucadia National. The link to their website can be found here.