Silchester International Investors LLP (Silchester) recently reduced their stake in HK-listed Orient Overseas (International) Limited (Orient Overseas). According to a filing submitted to the Hong Kong Stock Exchange on June 30th, 2017, the firm sold 441,000 shares on the exchange at an average price of HKD 54.094 per share on June 29th (total consideration was ~US$3.06m). Following the sale, Silchester’s stake in Orient Overseas decreased from 6.01% to 5.94%.

Orient Overseas is an investment holding company with two main business divisions: international transportation & logistics services and property investment & development. It is the parent company of Orient Overseas Container Line, which is one of the world’s leading container transport and logistics service providers.

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.