REG - Macau Prop Opp Fund - Fountainside receives Occupancy Permit <Origin Href="QuoteRef">MPO.L</Origin>

Macau Property Opportunities FundAnnouncement

19/02/2015 07:00

RNS Number : 2826F
Macau Property Opportunities Fund
19 February 2015
19 February 2015
Macau Property Opportunities Fund Limited
("MPO" or the "Company")
The Fountainside receives Occupancy Permit
Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, announces that the Land, Public Works and Transport Bureau ofMacau has granted an occupancy permit for The Fountainside, its low-density residential development located in the exclusive Penha district of Macau, allowing the handover of sold units to commence. 
MPO has to-date received total deposits amounting to HK$50 million (US$6 million). Final payments totalling HK$147 million (US$19 million) are expected to be received upon handover.
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About Macau Property Opportunities Fund
Macau Property Opportunities Fund Limited is a closed-end investment fund registered in Guernsey. Listed on the London Stock Exchange's main market, it is also a constituent stock of the FTSE All-Share and FTSE SmallCap indices.
Launched in 2006, the Company targets strategic property investment and development opportunities in Macau and Mainland China's western Pearl River Delta. Its current US$543 million portfolio comprises a mix of well-positioned residential and retail property assets.
The Fund is managed by Sniper Capital, an Asia-based property investment manager with an established track record in fund management and investment advisory.
For further information:
Company Registration Number 44813
Website:www.mpofund.com
Public Relations
MHP Communications
Simon Hockridge / Andrew Jaques/ James Morgan
Tel: +44 20 3128 8100
Manager
Sniper Capital Limited
Tel: +65 6222 1440 (Investor Contact)
Tel: +853 2870 5151(Fund Advisor)
Email:info@snipercapital.com
www.snipercapital.com
Corporate Broker
Liberum Capital
Chris Bowman / Richard Bootle
Tel: +44 20 3100 2228
Company Secretary & Administrator
Heritage International Fund Managers
Mark Huntley / Laurence McNairn
Tel: +44 14 8171 6000
Stock Codes:
Bloomberg: MPO LN
Reuters: MPO.L

This information is provided by RNS
The company news service from the London Stock Exchange
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