Arisaig Partners (Arisaig) recently trimmed their stake in HK-listed Hop Hing Group Holdings Ltd. (Hop Hing). According to a filing submitted to the Hong Kong Stock Exchange on October 23rd, 2017, the firm sold 23,264,000 shares on the exchange at an average price of HKD 0.2227 per share on October 19th (the total consideration was […]
Category: Investment Ideas
Arisaig Further Trims Convenience Retail Stake
Arisaig Partners (Arisaig) have further trimmed their stake in HK-listed Convenience Retail Asia Ltd. (Convenience Retail). According to a filing submitted to the Hong Kong Stock Exchange on October 17th, 2017, the firm sold 3,320,000 shares on the exchange at an average price of HKD 3.80 per share on October 16th (the total consideration was […]
Buena Vista Trims China Maple Leaf
Buena Vista Fund Management LLC (Buena Vista) recently reduced their stake in HK-listed China Maple Leaf Education Systems Ltd. (China Maple Leaf). According to a filing made to the Hong Kong Stock Exchange on October 10th, 2017, the firm sold 4,928,000 shares on the exchange at an average price of HKD 9.35 per share on […]
Cable Car Capital’s “Late” 2017 Letter
Jacob Ma-Weaver of Cable Car Capital has published his latest investor letter, which is worth a read. You can access and download it here. It includes a detailed discussion of his firm’s longtime holding, Pangaea Logistics (PANL). He also briefly discussed NetDragon Websoft, which he feels trades at a reasonable valuation given its “assets, cash […]
Southeastern Reduces Melco Stake
Southeastern Asset Management (Southeastern) recently reduced their stake in HK-listed Melco International Development (Melco). According to a filing made to the Hong Kong Stock Exchange on October 10th, 2017, the firm sold 1,703,000 shares on the exchange at an average price of HKD 22.7941 per share on October 4th (total consideration was ~US$5m). Following the […]
Symphony Sells PREIT, Trims MINT
Symphony International Holdings Limited (SIHL) recently announced it completed an exit from its investment in Parkway Life Real Estate Investment Trust (“PREIT”) and made a partial exit from its investment in Minor International Pcl (“MINT”). In both cases, they were able to take advantage of higher market prices in 2017 for the shares of PREIT and […]
Marathon Increases Li Ning Stake
Marathon Asset Management LLP (Marathon) recently added to its stake in HK-listed Li Ning Company Limited (Li Ning). According to a filing submitted to the Hong Kong Stock Exchange on September 21st, 2017, the firm bought 2,579,000 shares on the exchange on September 20th at an average price of HKD 6.9469 per share (total consideration was ~US$2.3m). […]
CC Asia Focus: August Update
Coupland Cardiff’s Asia Focus Fund recently published their letter for August, which you can access via their website. The fund is managed by Charlie Erith and focused on small and mid cap listed equities in the Asia ex Japan market. The latest update includes commentary on Venture Corporation, TK Group and China MeiDong and some […]
Edgbaston Adds To Wasion
Edgbaston Investment Partners (Edgbaston) recently added to their stake in HK-listed Wasion Group Holdings (Wasion). According to a filing submitted to the Hong Kong Stock Exchange on September 19th, 2017, the firm bought 522,000 shares on the exchange at an average price of HKD 3.5521 per share on September 18th (total consideration was ~US$238k). Following the purchase, Edgbaston’s stake in […]
GMO Trims China Machinery Engineering
Grantham, Mayo, Van Otterloo & Co. LLC (GMO) recently reduced its stake in HK-listed China Machinery Engineering Corporation (CMEC). According to a filing submitted to the Hong Kong Stock Exchange on September 16th, 2017, the firm sold 329,000 shares on the exchange on September 14th at an average price of HKD 4.7258 per share (the […]