Pine River Capital Management Buys Into Asiainfo-Linkage Inc (ASIA)

Pine River Capital Management, led by Brian Taylor, in a new filing with the Securities and Exchange Commission, disclosed initiating a 6.1% stake in Asiainfo-Linkage Inc (NASDAQ:ASIA). The position is activist by nature, judging from the nature of the filing, and amasses 4.45 million common shares of the company.

Last month, Asiainfo-Linkage Inc (NASDAQ:ASIA) announced that its shareholders voted in favor of the merger with Skipper Limited (Parent) and Skipper Acquisition Corporation (Merger Sub). The merger is expected to turn out in the first quarter of 2014, the company’s common stock will no longer be listed on the NASDAQ after the merger.

AsiaInfo-Linkage, Inc. (NASDAQ:ASIA)

In this way, Pine River acquired the stock of China-based Asiainfo-Linkage Inc (NASDAQ:ASIA), telecommunication software solutions company, cause it believes that it represents an attractive investment opportunity. The fund currently has no plans related to the company and may reconsider its position in the company, the filing stated.

Millennium Management, led by Israel Englander, initiated a position in the company in the third quarter and now holds 650,000 shares, with a value of $7.50 million. Matthew Halbower’s Pentwater Capital Management, also holds a long position in the stock with 540,000 shares, worth $6.23 million. D. E. Shaw’s D E Shaw, sliced its exposure to Asiainfo-Linkage Inc (NASDAQ:ASIA), in the third quarter of 2013, and currently holds 428,444, represented by a $4.94 million stake.

Edward Tian, director of Asiainfo-Linkage Inc (NASDAQ:ASIA), holds a significant stake in the company, with 3.13 million shares in his portfolio. Another director with less significant stake is James Ding, who owns 964,138 shares. Sean Shao, also a director, trimmed his exposure by 2,000 shares in the first week of December, and now holds 21,342 shares.

Pine River Capital Management is a credit hedge fund, and applies various strategies that include equity driven event investing and global convertible bond arbitrage. The fund disclosed holding a 5.3% stake in Camelot Information Systems Inc (ADR) (NYSE:CIS), in mid-October, later upping the stake to 7.2%, or 3.3 million shares.

The fund also trimmed its position in Anworth Mortgage Asset Corporation (NYSE:ANH) to 3.6%, which represents half versus the stake disclosed in the latest 13F. It also sold off its entire holding in Cullen Agricultural Holding (OTCBB:CAGZ) at the end of the October.

Disclosure: none

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