This morning I added a few shares in Sinolink Holdings (HK:1168) to the portfolio. The company is a small scale PRC property developer and investor whose shares are currently selling a large discount to the net cash position (40%+) and an even larger discount to the book value of the assets (around 70%). Even by the standards of the discounts applying to peer group companies, this would appear to excessive to me - especially given the very high net cash position.
The company does not pay a dividend.
I paid an average of HK$0.61 per share.