Hillhouse Capital Management (Hillhouse) recently trimmed their stake in HK-listed China Suntien Green Energy Corporation Limited (China Suntien). According to a filing submitted to the Hong Kong Stock Exchange on August 8th, 2017, Hillhouse sold 2,980,000 shares on the exchange at an average price of HKD 1.7252 per share on August 4th (total consideration was ~US$659,000). Following the sale, their stake in China Suntien decreased from 6.04% to 5.88% of the company’s shares outstanding.

China Suntien is primarily engaged in the investment, development, management and operation of wind power generation, sale of natural gas and gas appliances, and connection and construction of natural gas pipelines. The company is the clean energy unit of Hebei Construction & Investment Group, the state-owned investment arm of the Hebei provincial government.

Hillhouse is a leading investment management firm. They invest with a long-term time horizon and employ a fundamental, bottom-up approach. They focus on the consumer, TMT, industrials and healthcare sectors and invest in companies across all equity stages. The firm was founded by Lei Zhang in 2005 with backing from the Yale Endowment.