Portfolio: Discovering and nurturing the global leaders of tomorrow
Portfolio Policies:
Harmony invests in and helps small to medium size public companies to grow substantially from regional leader to national and then global leaders.
We select our targets carefully and only after completing a rigorous proprietary due diligence process. We look to commit to them for the long-term, potentially even “forever”.
We aim to accumulate a substantial stake in each of our portfolio companies to signal our commitment to the company and to secure our standing in the discussions with the management.
We disclose our holdings once we have more than 5% of the target companies, as required by Hong Kong Stock Exchange.
We ideally target holding 5-8 companies within Harmony Fund's portfolio, although this figure may be lower during our portfolio construction phase.
Key Positions:
TSC Group
(HKG: 206)
TSC is a global products, services and total solutions provider, serving both the onshore and offshore oil industries worldwide.
Harmony advised the company to focus on engineered, high value-added products vs. their original positioning as a trading company.
Grand Pharma
(HKG:512)
China Grand Pharmaceutical and Healthcare Holdings Limited is principally engaged in the development, manufacture and sale of bulk pharmaceuticals, pharmaceutical intermediates and preparations.
Harmony advised the Company to actively consolidate the fragmented Chinese pharmaceutical market.
Modern Media
(HKG: 72)
Modern Media is China's leading lifestyle media company. With dominant positions in both digital and print magazines the Company aspires to be a cultural information platform between the greater China region and the world at large.
Harmony pushed for and helped enable a JV with Bloomberg to publish Bloomberg BusinessWeek China.
