As part of my efforts to remove "too small to justify the time spent on them" positions from the portfolio, I have sold my shares in Tai Sang Land (HK:89) for HK$3.00 per share. While Tai Sang Land still sells at a substantial discount to NAV (as do most property companies in Hong Kong), I couldn't see myself adding to the position and decided to sell. I took a loss of 8% (net of expenses and dividends) on the investment.
The sale proceeds have been reinvested in NWS Holdings Limited (HK:659) which is now one of my top ten shareholdings. I paid HK$11.70 for the additional shares.
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