8th May 2018 13:40
LONDON (Alliance News) - Macau Property Opportunities Fund Ltd said Tuesday it is planning to return at least half of the proceeds of its recent Senado Square sale to shareholders.
Macau sold the Macau retail development project to Ardent Success Ltd and City Universe Ltd for USD102.3 million in early February, a 14% premium to its December-end property valuation as the company looks to realise its assets to return money to shareholders.
Shares were up 2.9% on Tuesday at 196.00 pence each.
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