Some reading links: OAM 2020 letter: Some notes below. Petra Capital Management interview: PDF attached for ease of reference; some notes below. Scottish Oriental Smaller Companies Trust: Investor update (Jan 2021). Peter Tasker: The Covid bubble – how and when will it pop? Rob Mahan: Steppe Cement (Kazakh cement company). Harvard EdCast: Finding gratitude in […]
Category: Investment Ideas
Hillhouse Takes Stake In InnoCare Pharma
InnoCare Pharma (InnoCare) announced two subscription agreements with Gaoling and YHG, a company of Hillhouse Capital (Hillhouse), and the Vivo Opportunity Fund (an existing investor) on Feb 3, 2021. The two investors subscribed 191,613,000 and 18,895,000 new shares respectively, for a total of 210,508,000 new shares, representing about 16.33% of the existing total issued shares […]
Himalaya Capital Adds To PSBC Stake
Himalaya Capital Management (Himalaya Capital) recently added to their stake in HK-listed Postal Savings Bank of China (PSBC). Based on a filing submitted to the Hong Kong Stock Exchange on January 20th, 2021, Himalaya Capital bought 83.544 m shares on the exchange at an average price of HKD 5.3479 per share on January 15th (the […]
Hillhouse Adds To AK Medical Holdings Stake
Hillhouse Capital Management (Hillhouse) recently increased their stake in Hong Kong-listed AK Medical Holdings. According to a filing submitted to the Hong Kong Stock Exchange on September 13th, 2019, Hillhouse bought 50,000,000 shares via a placing agreement at an average price of HKD 7.01 per share on September 10th (the total consideration was ~US$44.8m). As […]
Briarwood Trims Zhong Ao Stake
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 […]
Cape Ann Adds To China Machinery Engineering
Cape Ann Asset Management Asset Management Limited (Cape Ann) recently increased its stake in HK-listed China Machinery Engineering Corporation (CMEC). According to a filing submitted to the Hong Kong Stock Exchange on February 13th, 2019, the firm purchased 3,978,000 shares on the exchange on February 12th at an average price of HKD 4.017 per share […]
Albizia Capital Takes Up Stake In Koufu
Based on a filing dated January 22nd, 2019, Albizia Capital have acquired over 20m shares at Koufu Group Limited’s (Koufu’s) initial public offering price of S$0.63 per share, which represents a ~3.6% stake in the company. 7m shares were bought over directly from Jun Yuan Holdings Pte Ltd, Koufu’s controlling shareholder, which is 50.0% owned by […]
IVA Increases AsiaSat Stake
International Value Advisers, LLC (IVA) recently increased their stake in HK-listed Asia Satellite Telecommunications Holdings Ltd (AsiaSat). According to a filing submitted to the Hong Kong Stock Exchange on November 16th, 2018, the firm bought 4,640,000 shares on the exchange at an average price of HKD 5.12 per share on November 13th (total consideration was ~US$3m). Following the […]
Kennox Comments On Yue Yuen
Kennox Strategic Value Fund’s Q3 2018 report included some commentary on their recent investment in Yue Yuen, the world’s largest manufacturer of athletic footwear. As per their latest quarterly report: “Yue Yuen makes shoes for all of the large athletic shoe brands (Nike, Adidas, Puma, Under Armour, etc.) and lead its competitors both in moving manufacturing […]
NTAsian Adds To Stake In Goldpac Group
NTAsian Discovery Master Fund (NTAsian) recently added to their stake in HK-listed Goldpac Group Ltd. (Goldpac Group). Based on a filing submitted to the Hong Kong Stock Exchange on September 5th, 2018, the firm bought 1,855,000 shares on the exchange at an average price of HKD 1.93 per share on September 4th (the total consideration was […]