REG - Macau Prop Opp Fund - Quarterly Net Asset Value Update

Macau Property Opportunities FundAnnouncement

04/08/2020 07:00

RNS Number : 9989U
  
Macau Property Opportunities Fund
  
04 August 2020
  
 

4 August 2020
 
 
Macau Property Opportunities Fund Limited
 ("MPO" or the "Company")
 
Quarterly Net Asset Value Update
 
Macau Property Opportunities Fund Limited, managed by property investment manager Sniper Capital Limited, announces that the unaudited Adjusted Net Asset Value of the Company was US$ 136.5 million as at 30 June 2020. 
 
This is equivalent to US$2.21 (179 pence*) per share and represents a decline of 2.2% (1.7% in Sterling term) from the previous quarter.
 
* Based on the US Dollar/Sterling exchange rate of 1.231 on 30 June 2020.
 
Note: 
1. The above figures are estimates only and are unaudited. The Company's audited Adjusted Net Asset Value as at 30 June 2020, which may be materially different from the above estimates, will be announced in conjunction with the release of the Company's audited annual results for the year ended 30 June 2020, which are expected to be released on 24 September 2020. No reliance should be placed upon the unaudited Adjusted Net Asset Value per share which should only be taken as an indicative value.
 
2. The values of the Company's properties used in the calculation of Adjusted NAV have been assessed by Savills (Macau) Limited, an independent property valuer, on the basis of "material valuation uncertainty" under the extraordinary circumstances caused by the Novel Coronavirus (COVID-19).
 
3. Detailed information on the Company's portfolio and Macau market can be found on the Company's website at www.mpofund.com. 
 
4. The content of this announcement contains inside information.
 
 
About Macau Property Opportunities Fund
Premium listed on the London Stock Exchange, Macau Property Opportunities Fund Limited is a closed-end investment company registered in Guernsey and is the only quoted property fund dedicated to investing in Macau, the world's largest gaming market and the only city in China where gaming is legalised. 
Launched in 2006, the Company targets strategic property investment and development opportunities in Macau. Its current portfolio comprises prime residential property assets.
The Company is managed by Sniper Capital Limited, an Asia-based property investment manager with an established track record in fund management and investment advisory.
 
 
Stock Code
London Stock Exchange: MPO
 
LEI
213800NOAO11OWIMLR72 
 
 
For further information:
 
Manager
Sniper Capital Limited
Group Communications
Tel: +852 2292 6789
Email: info@snipercapital.com 
 
Corporate Broker
Liberum Capital
Gillian Martin / Owen Matthews
Tel: +44 20 3100 2234
 
Company Secretary & Administrator
Ocorian Administration (Guernsey) Limited
Kevin Smith
Tel: +44 14 8174 2742
 
 


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