REG - Macau Prop Opp Fund - Financial Position & Annual Report Update

Macau Property Opportunities FundAnnouncement

Wed 07:00

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RNS Number : 2878E  Macau Property Opportunities Fund  22 October 2025

22 October 2025

 

Macau Property Opportunities Fund Limited

 ("MPO" or the "Company")

 

Update on financial position and status of finalisation of the annual report

 

Macau Property Opportunities Fund Limited, managed by property investment
manager Sniper Capital Limited, announces that, further to the Company's
announcement on 29 August 2025, it continues to carefully manage the Company's
asset divestment program to ensure sufficient cashflow is generated from asset
divestment to meet the Company's requirements and obligations to its lending
partners and service providers, while at the same time protecting shareholder
value through an appropriately phased divestment process.

 

The Company also remains in active discussions with its lending partners to
closely monitor compliance with loan covenants and to manage repayments of the
Company's loans due in both 2025 and 2026. The Company's primary source of
working capital continues to be through the net proceeds of ongoing property
sales, either individually or en bloc, which are also funding the Company's
scheduled debt repayments.

 

Management of covenants and repayment schedules necessarily has a close
interplay with the Company's operating cashflow. As valuations have declined,
lenders' positions have noticeably hardened and the Company continues to
strictly and carefully manage its working capital position to meet obligations
both to its lending partners and its service providers.

 

The Company has successfully secured an extension of its loan facilities for
The Waterside and The Fountainside to September 2026. The revised agreement
features a structured repayment schedule, ensuring capital management is
coordinated with the inflow of sales proceeds and debt servicing obligations
over the extended term. In addition, the Company has also extended its Penha
Heights loan facility to January 2026. This relatively short extension period
underscores the importance of maintaining liquidity and optimising the timing
of asset disposal. The extension of the Penha Heights facility is subject to
the Company paying an instalment on the loan of HK$12m (U$1.5m) by 30 November
2025, although the Company continues to be in active dialogue with the lender.

 

In light of the continued challenges faced by the Company the Directors are
considering all options, including the potential of an equity capital raise to
meet short term working capital obligations and provide a more stable platform
for the orderly completion of the divestment process, which can preserve
greater value for shareholders. The Board continue to believe that a carefully
managed divestment process is in the best interest of all shareholders and
that unnecessary acceleration of the divestment of the portfolio, or any
forced sale of assets, would produce a poor outcome for shareholders.

 

The Company continues to work actively towards the publication of the
Company's annual report and accounts for the period ended 30 June 2025, in
conjunction with its auditors, by 31 October 2025, in accordance with the UK's
Disclosure Guidance and Transparency Rules.

 

 

Note:

1.    Detailed information on the Company's portfolio and Macau market can
be found on the Company's website at www.mpofund.com (http://www.mpofund.com)
.

 

2.    The content of this announcement contains inside information.

 

 

About Macau Property Opportunities Fund

Listed on the Main Market of the London Stock Exchange, Macau Property
Opportunities Fund Limited (http://mpofund.com) is a closed-end investment
company registered in Guernsey and is the only quoted property fund dedicated
to investing in Macau, the world's leading 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 (http://snipercapital.com/) ,
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: +853 2870 5151

Email: info@snipercapital.com (mailto:info@snipercapital.com)

 

 

Corporate Broker

Panmure Liberum

Darren Vickers

Tel: +44 20 3100 2222

 

Company Secretary & Administrator

Ocorian Administration (Guernsey) Limited

Kevin Smith

Tel: +44 14 8174 2742

 

 

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