When Silchester bought into the South China Morning Post, the fund manager was investing in a group once touted as the most profitable newspaper in the world.
Seventeen years later, the media landscape has changed dramatically, but Silchester’s investment has not — partly because SCMP Group shares have been frozen since 2013 by Hong Kong rules that allow stocks to languish for years without being traded.
The issue is a source of frustration for investors, particularly given the city's status as Asia’s leading stock market and the gateway to China.
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