Hong Kong $5.4 Billion Asset Manager Value Partners Appoints Co-Chairman Lin Xianghong as Chairman with Co-Founder, Co-Chairman & Co-CIO Cheah Cheng Hye Appointed as Honorary Chairman & Non-Executive Director, Lin Xianghong was Vice-Chairman of GF Holdings, China Brokerage GF Securities Acquired 20.2% Shareholding from Cheah Cheng Hye & Co-CIO Louis So for $143 Million in 2023 & Becomes Largest Shareholder, Value Partners Founded in 1993 & IPO on Hong Kong Exchange in 2007, Value Investor with 50 Investment Professionals Focusing on Greater China & Asia Investments
6th January 2025 | Hong Kong
Hong Kong asset manager Value Partners ($5.4 billion AUM) has appointed Co-Chairman Lin Xianghong as Chairman, with Co-founder, Co-Chairman & Co-CIO Cheah Cheng Hye appointed as Honorary Chairman & Non-Executive Director. Lin Xianghong was Vice-Chairman of GF Holdings, with China brokerage GF Securities acquiring 20.2% shareholding from Cheah Cheng Hye & Co-CIO Louis So for $143 million (HKD 1.12 billion) in 2023 in Value Partners and becoming the largest shareholder. In 2024 September, Value Partners Co-founder, Co-Chairman & Co-CIO Cheah Cheng Hye and Co-CIO Louis So have been reported to be planning to exit Value Partners. Value Partners was founded in 1993, and IPO on Hong Kong Exchange in 2007. Value Partners is a value investor, and has more than 50 investment professionals focusing on Greater China & Asia investments. In 2023 July, Value Partners and Indonesia Aldiracita Group formed a strategic partnership by buying 29.99% of their respective asset management business, with Value Partners (Sensible Asset Management) acquiring 29.99% of PT Surya Timur Alam Raya Asset Management (STAR Asset Management) and Aldiracita Group acquiring 29.99% of Value Partners Singapore. Value Partners – Established in 1993, Value Partners is one of Asia’s largest independent asset management firms offering world-class investment services and products for institutional and individual clients globally. In addition to the Hong Kong headquarters, we operate in Shanghai, Shenzhen, Beijing, Singapore and London. Value Partners is the first asset management firm listed on the Main Board of the Hong Kong Stock Exchange (stock code: 806 HK) after it went public in 2007. 1993 – Founded in February 1993 by Dato’ Seri CHEAH Cheng Hye and Mr. V-Nee YEH and commenced asset management business. Launched flagship fund (Value Partners Classic Fund) with about US$5 million in assets under management.
“ Hong Kong $5.4 Billion Asset Manager Value Partners Appoints Co-Chairman Lin Xianghong as Chairman with Co-Founder, Co-Chairman & Co-CIO Cheah Cheng Hye Appointed as Honorary Chairman & Non-Executive Director, Lin Xianghong was Vice-Chairman of GF Holdings, China Brokerage GF Securities Acquired 20.2% Shareholding from Cheah Cheng Hye & Co-CIO Louis So for $143 Million in 2023 & Becomes Largest Shareholder, Value Partners Founded in 1993 & IPO on Hong Kong Exchange in 2007, Value Investor with 50 Investment Professionals Focusing on Greater China & Asia Investments “
Profile – Ms. Lin Xianghong is Chairman and Executive Director of Value Partners Group. Ms. Lin has served as vice chairman of GF Holdings (Hong Kong) Corporation Limited (“GF Holdings”) (a wholly owned subsidiary of GF Securities Co., Ltd. (“GF Securities”, a company whose shares are listed on the Main Board of the Stock Exchange (stock code: 1776) and the Shenzhen Stock Exchange (stock code: 000776)) since April 2017. She served as chief executive officer of GF Holdings for the period from February 2007 to April 2017. From November 1999 to January 2007, Ms. Lin successively served as business manager of the International Business Department and the Investment Banking Department of GF Securities, head of the Marketing Department of GF Fund Management Co., Ltd and head of the preparatory group of GF Holdings. From July 1992 to October 1999, Ms. Lin served as an employee and deputy manager of the International Business Department of Guangdong International Trust and Investment Corporation. Ms. Lin is also a director of GF Holdings, which is the substantial shareholder (as defined in the Rules Governing the Listing of Securities on the Stock Exchange, the “Listing Rules”) of the Company. Ms. Lin graduated from Nankai University with a Bachelor’s Degree in Economics in 1992, Ms. Lin also obtained a Master’s Degree in Business Administration (MBA) from Jinan University in 1997, and an Executive Master of Business Administration (EMBA) from the Hong Kong University of Science and Technology in 2015.
Profile – Dato’ Seri CHEAH Cheng Hye is Honorary Chairman and Non-Executive Director of Value Partners Group. Dato’ Seri CHEAH has been in charge of Value Partners since he co-founded the firm in February 1993 with his partner, Mr. V-Nee YEH. Throughout the 1990s, he held the position of Chief Investment Officer and Managing Director of Value Partners, responsible for managing both the firm’s funds and business operation. He led Value Partners to a successful listing on the Main Board of the Hong Kong Stock Exchange in 2007. The firm became the first asset management company listed in Hong Kong. Dato’ Seri CHEAH has more than 30 years of investment experience, and is considered one of the leading practitioners of value-investing in Asia and beyond. Value Partners and he personally have received numerous awards – a total of more than 200 professional awards and prizes since the firm’s inception in 1993. Dato’ Seri CHEAH currently serves as an Independent Non-executive Director, Chairman of Investment Committee and Cash Market Consultative Panel of Hong Kong Exchanges and Clearing Limited (“HKEX”), a member of the Hong Kong University of Science and Technology (“HKUST”) Business School Advisory Council, Convenor of Advisory Council for the Malaysian Chamber of Commerce (Hong Kong and Macau), a member of the Hong Kong Trade Development Council (“HKTDC”) Belt and Road & Greater Bay Area Committee, a member of the HKTDC Mainland Business Advisory Committee, a Fellow of the Hong Kong Management Association, and a member of the Hong Kong Academy of Finance (“MAoF”). In August 2016, Dato’ Seri CHEAH was conferred Darjah Gemilang Pangkuan Negeri (“DGPN”), one of the highest civil honours granted by the state of Penang in Malaysia to recognize exceptional individuals. The DGPN award comes with the title of “Dato’ Seri”. In 2013, he was conferred Darjah Setia Pangkuan Negeri (“DSPN”) with the title of “Dato’ ”. In the same year, he was named an Honorary Fellow of the HKUST for outstanding achievements. In 2023, Dato’ Seri CHEAH won Asia Asset Management’s “2023 Best of the Best Award – Lifetime Achievement Award.” This award recognizes his outstanding contributions to the industry for over 35 years. He was also named by Asia Asset Management as one of the top 25 leaders over the past 25 years in Asia’s asset management industry in 2021. He was named “Outstanding Manager of the Year – Greater China equity category” in the Fund of the Year Awards 2017 by Benchmark, and co-winner of “CIO of the Year in Asia” along with Mr. Louis SO in the 2011 Best of the Best Awards by Asia Asset Management. In 2010, he was named by AsianInvestor as one of the Top-25 Most Influential People in Asian Hedge Funds. In 2009, he was named by AsianInvestor as one of the 25 Most Influential People in Asian Asset Management. He was also named “Capital Markets Person of the Year” by FinanceAsia in 2007, and in 2003, he was voted the “Most Astute Investor” in the Asset Benchmark Survey. Prior to starting Value Partners, Dato’ Seri CHEAH worked at Morgan Grenfell Group in Hong Kong, where, in 1989, he founded the Company’s Hong Kong/China equities research department as the Head of Research and proprietary trader for the firm. Prior to this, he was a financial journalist with the Asian Wall Street Journal and Far Eastern Economic Review, where he reported on business and financial news across East and Southeast Asia markets. Dato’ Seri CHEAH served for 9 years (from 1993 to 2002) as an independent non-executive director of Hong Kong-listed JCG Holdings, a leading microfinance company (a subsidiary of Public Bank Malaysia renamed from 2006 as Public Financial Holdings).
Hong Kong $5.2 Billion Asset Manager Value Partners Co-Founder, Co-Chairman & Co-CIO Cheah Cheng Hye & Co-CIO Louis So Planning to Exit, China Brokerage GF Securities Acquired 20.2% Shareholding in 2023 & Becomes Largest Shareholder, Value Partners Founded in 1993 & IPO on Hong Kong Exchange in 2007, Value Investor with 50 Investment Professionals Focusing on Greater China & Asia Investments
4th September 2024 – Hong Kong asset manager Value Partners with $5.2 billion AUM Co-Founder, Co-Chairman & Co-CIO Cheah Cheng Hye and Co-CIO Louis So have been reported to be planning to exit Value Partners. In 2023, China brokerage GF Securities had acquired 20.2% shareholding in Value Partners, becoming the largest shareholder. Value Partners was founded in 1993, and IPO on Hong Kong Exchange in 2007. Value Partners is a value investor, and has more than 50 investment professionals focusing on Greater China & Asia investments. In 2023 July, Value Partners and Indonesia Aldiracita Group formed a strategic partnership by buying 29.99% of their respective asset management business, with Value Partners (Sensible Asset Management) acquiring 29.99% of PT Surya Timur Alam Raya Asset Management (STAR Asset Management) and Aldiracita Group acquiring 29.99% of Value Partners Singapore. Value Partners – Established in 1993, Value Partners is one of Asia’s largest independent asset management firms offering world-class investment services and products for institutional and individual clients globally. In addition to the Hong Kong headquarters, we operate in Shanghai, Shenzhen, Beijing, Singapore and London. Value Partners is the first asset management firm listed on the Main Board of the Hong Kong Stock Exchange (stock code: 806 HK) after it went public in 2007. 1993 – Founded in February 1993 by Dato’ Seri CHEAH Cheng Hye and Mr. V-Nee YEH and commenced asset management business. Launched flagship fund (Value Partners Classic Fund) with about US$5 million in assets under management.
Hong Kong $6 Billion Asset Manager Value Partners & Indonesia Aldiracita Group Form Strategic Partnership Buying 29.99% of Respective Asset Management Business, Value Partners Acquire STAR Asset Management & Aldiracita Acquires 29.99% of Value Partners Singapore
28th July 2023 – Hong Kong asset manager Value Partners ($6 billion AUM, Assets under Management) and Indonesia Aldiracita Group have formed a strategic partnership by buying 29.99% of their respective asset management business, with Value Partners (Sensible Asset Management) acquiring 29.99% of PT Surya Timur Alam Raya Asset Management (STAR Asset Management) and Aldiracita Group acquiring 29.99% of Value Partners Singapore. Value Partners: “The share purchase agreements were signed on 26th July 2023, and an exchange file ceremony was held during a business luncheon attended by Hong Kong Chief Executive John Lee, who led a high-level Hong Kong delegation visit to ASEAN countries. Concurrently, we have informed our intention and submitted necessary documents to Otoritas Jasa Keuangan (OJK) and the Monetary Authority of Singapore (MAS) to obtain permission and support from the authorities … … The strategic partnership brings together the expertise and capabilities of both firms to offer the Indonesian market more innovative and high-quality investment solutions across different asset classes to help more Indonesian investors to achieve their financial goals. Indonesia is one of the fastest-growing economies in Asia with a young population, and the rising middle class is expected to bring robust demand for increasingly high-quality and sophisticated asset and wealth management services in the country. The partnership also helps foster closer collaboration between Hong Kong and ASEAN countries and contributes to the healthy development of the region’s wealth and asset management industry.” More info below.
Cheah Cheng Hye, Chairman of Value Partners Group: “As part of our growth strategy in Southeast Asia, we are intensifying our commitment and strengthening ties in the region. ASEAN countries are Hong Kong’s second-largest trading partners with significant economic and investment potential. In particular, Indonesia, with its large population, represents a significant portion of the region’s potential for growth and investment.”
June Wong, CEO of Value Partners Group: “Our alliance with Aldiracita Group is a key milestone in our ongoing efforts to build strategic partnerships that offer measurable benefits to our clients. With both companies joining forces and leveraging each other’s strengths, we are now in a strong position to bring innovative and distinct investment solutions to the dynamic Southeast Asian market. We believe that this collaboration will enable us to tap into new markets and capitalize on the region’s potential for long-term growth and development.”
Rudy Utomo, President Director of Aldiracita and Committee Chairman of Indonesia Securities Company Association: “ Aldiracita Group, through its subsidiary, STAR Asset Management is excited to collaborate with Value Partners to contribute to Indonesia’s economic development and provide investors with access to our diversified range of asset management products. We believe that our shared commitment to delivering exceptional investment solutions and unparalleled client service will drive long-term success for our companies and clients. We are looking forward to all the support from related parties.”
Reita Farianti, CEO of STAR Asset Management: “We are thrilled to partner with Value Partners, one of Asia’s leading and most respected asset management firms, to solidify STAR Asset Management’s position in Indonesia’s asset management industry. We aim to capitalize on Indonesia’s rapidly growing economy and burgeoning investment landscape, offering a wide range of innovative mutual fund and investment solutions to local and international investors. In addition, this collaboration ensures that clients in Indonesia receive the same level of personalized attention, tailored solutions, extensive access to the international market, and comprehensive market insights that Value Partners is known for worldwide. We believe that our shared commitment to delivering exceptional investment solutions and unparalleled client service will drive long-term success for our clients.”
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