Farallon Capital (Farallon) recently added to their stake in HK-listed Luzheng Futures (Luzheng). According to a filing made to the Hong Kong Stock Exchange on March 17th, 2017, the firm purchased 499,000 shares on the exchange at an average price of HKD 1.743 per share on March 15th (total consideration was ~US$112,000). Following the purchase, Farallon’s stake in Luzheng increased from 15.99% to 16.17% of the company’s shares outstanding.

Luzheng offers brokerage, asset management, commodity trading and risk management services in China. It is principally engaged in the futures market. The company is listed on the Hong Kong Stock Exchange. It went public in July 2015 at an offer price of HKD 3.32 per share. Farallon had initially subscribed for 23.352 million shares or 8.49% of the issued capital in the IPO.

Farallon is a global institutional asset management firm founded in 1986 by Tom Steyer. They manage capital for both institutions (endowments, pension plans etc.) and high net worth individuals across five core strategies: credit, long/short equity, merger arbitrage, real estate and direct investments. The firm has made a wide range of listed, direct and special situations investments in Asia over the years including in Bank Central Asia (Indonesia), BTS (Thailand), Indiabulls (India), Hongkong Chinese (HK), Fu Shou Yuan (HK) and Go-Jek (Indonesia).