Silchester International Investors LLP (Silchester) recently added to their stake in HK-listed Luk Fook Holdings (International) Limited (Luk Fook). According to a filing submitted to the Hong Kong Stock Exchange on January 26th, 2018, the firm bought 1,065,000 shares off the exchange at an undisclosed price on January 26th. Following the purchase, Silchester’s stake in Luk Fook increased slightly, from 10.87% to 11.05%.

Luk Fook is principally engaged in the sourcing, designing, wholesaling, trademark licensing and retailing of gold and platinum jewellery and gem-set jewellery products, with more than 1,600 shops in Mainland China, Hong Kong, Macau, Singapore, Korea, Malaysia, the United States, Canada and Australia. The company was founded in 1991 and listed on the Hong Kong Stock Exchange in 1997.

Silchester is a London-based investment management company. The firm was formed in 1994 to specialise in international equity investment, primarily on behalf of institutional investors. Silchester has one investment program, International Value Equity, and offers this program exclusively through five long-only commingled funds.