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Annual Financial Report

12th Apr 2010 17:19

RNS Number : 0672K
Speymill Macau Property Company PLC
12 April 2010
 



 

 

 

 

 

12 April 2010

 

 

 

Speymill Macau Property Company plc ("Speymill Macau" or "the Company")

 

Posting of Consolidated Annual Report

 

 

Speymill Macau Property Company plc (MCAU.L), the Macau focused property investment company listed on AIM, announces that the Company's consolidated annual report for the year ended 31 December 2009 has been posted to shareholders, today, and is available on its website, http://www.speymillmacau.com.

 

 

Contacts:

 

Speymill Property Group Limited - Manager

Nigel Caine, CFO Funds

Nick Harris, Manager

Tel: +44 1624 640 860

 

Galileo Fund Services Limited - Administrator

Ian Dungate

Suzanne Jones

Tel: +44 1624 692 600

 

Matrix Corporate Capital LLP - NOMAD

Paul Fincham

Jonathan Becher

Tel: + 44 20 3206 7000

 

Notes to Editors:

 

Speymill Macau Property Company plc ("Speymill Macau" or the "Company")

 

·; Speymill Macau was incorporated and registered in the Isle of Man on 31 October 2006 and is a closed-ended investment company registered in the Isle of Man and traded on AIM, a market of the London Stock Exchange.

 

·; The Company was established to invest primarily in the Macau property market. This includes pursuing selective commercial property investments to capture expected ancillary Macau service sector growth. The Company was admitted to AIM on 17 November 2006 raising US$ 80 million in a placing on admission. A second fundraising of US$ 70 million was completed in May 2007. The Company's objective is to provide shareholders with an attractive overall return to be achieved primarily through long-term capital growth.

 

·; Macau is one of only two Special Economic Regions, a semi-autonomous administrative area, in China, and has enjoyed explosive economic growth, in part due its establishment as an important gambling centre which has led to high historical and forecast GDP growth, driven by rising incomes and low unemployment levels. Coupled with the limited availability of land, developers are now struggling to meet a stronger than anticipated demand for higher quality housing. The Company intends to exploit these favourable market dynamics with the aim of generating attractive overall returns for shareholders.

 

Speymill Property Group Limited ("SPG") is the Manager of the Company and the Investment Adviser is Speymill Property Group (Far East) Limited, a wholly owned subsidiary of SPG.

 

END

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