Hong Kong-based asset manager Value Partners welcomes a strategic investment by Chinese financial firm GF Holdings.
GF Holdings – a wholly owned subsidiary of Guangzhou-based GF Securities – will purchase part of the equity holdings of two major shareholders of Value Partners, according to a statement.
Upon completion of the transaction, which is subject to various approvals, GF Holdings is expected to hold 20.2 percent of Value Partners, though the exact shareholding and consideration have yet to be finalized.
Value Partners was established in 1993 as a specialist value investor in Greater China and Asia. As of 30 April 2023, it had $6.3 billion in assets under management.
GBA Focus
According to GF Holdings and Value Partners, the partnership between the two firms is expected to result in business growth, particularly in the Greater Bay Area.
«The partnership will not only significantly increase Value Partners’ reach to mainland Chinese investors, especially in the Greater Bay Area, through GF Securities’ strong distribution network, but also strengthen our investment capabilities across different asset classes in China,» said Value Partners co-chair and co-chief investment officer Cheah Cheng Hye.
«We believe that with joint efforts, GF Securities will be able to further advance sustainable economic growth and capture financial opportunities in China’s Greater Bay Area,» added GF Hong Kong chief executive Charles Lin.
