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 ~US$0.46m). Following the purchase, NTAsian’s stake in Goldpac Group increased from 4.97% to 5.19%.

Goldpac Group provides embedded software and secure payment products, personalization services, system platforms, and other solutions for customers across the financial, government, healthcare, transportation, and retail sectors. The company is the exclusive secure payment products supplier in the PRC and is certified by the world’s leading credit card organisations including China UnionPay, VISA, MasterCard, American Express, JCB and Diners Club. Goldpac Group was founded in 1995 and listed on the Hong Kong Stock Exchange in 2013.

NTAsian is an absolute return, long only value fund, with a target to achieve 2-3 times the US long bond yield, i.e. 8-15% per annum. They invest long-term in primarily, but not exclusively, small to mid-cap stocks. The fund is offered by NTAsset, a boutique fund management company that invests only in Asian (excluding Japan) companies. The firm is based in Bangkok and led by John Thompson and Kenneth Ng.