12 April 2018
Macau Property Opportunities Fund Limited
("MPO" or the "Company")
Receipt of Final Sales Proceeds for Senado Square Project
Macau Property Opportunities Fund Limited, managed by Sniper Capital Limited, announces that pursuant to the sale of its retail redevelopment project, Senado Square, on 26 March 2018 for HK$800 million (c.US$102 million), the Company has received the remaining sales proceeds of HK$785 million (c.US$100.1 million).
This sum had been held in escrow pending the registration of the share transfer to the purchaser with the Macau Commercial Registry, which has now been completed.
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About Macau Property Opportunities Fund
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.
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. Its current portfolio comprises luxury residential properties.
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.
For further information
Company Registration Number 44813
Website: www.mpofund.com
Manager
Sniper Capital Limited
Doris Boo
Tel: +65 6222 1440
Email: [email protected]
Corporate Broker
Liberum Capital
Richard Crawley / Richard Bootle / Jonathan Wilkes-Green / Henry Freeman
Tel: +44 20 3100 2222
Company Secretary & Administrator
Estera International Fund Managers (Guernsey) Limited
Kevin Smith
Tel: +44 14 8174 2742
Stock Code
London Stock Exchange: MPO
LEI
213800NOAO11OWIMLR72
