Become a Member
  • Track your favourite stocks
  • Create & monitor portfolios
  • Daily portfolio value
Sign Up
Quickpicks
Add shares to your
quickpicks to
display them here!

Annual Report and Accounts

26th Mar 2009 15:57

RNS Number : 5636P
Speymill Macau Property Company PLC
26 March 2009
 



26 March 2009

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 2008 has been posted to shareholders, today, and is available on its website, http://www.speymillmacau.com

 

Speymill Property Group (Far East) Limited (Adviser)

Speymill Property Group Limited

(Manager)

 

 

Thomas Sipos

Nigel Caine, CFO Funds

+852 2514 6104

+44 1624 640 860

 

 

Smith & Williamson Corporate Finance Limited (Nomad)

Fairfax I.S. PLC

(Brokers)

 

 

Azhic Basirov

James King

Siobhan Sergeant

Andrew Cox

+44 20 7131 4000

+44 20 7598 5368

 

 

Tavistock Communications Limited

 

(Media & Investor Relations)

 

Jeremy Carey

 

Simon Hudson

 

Gemma Bradley

 

+44 20 7920 3150

 

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-end 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 listed on 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 to its establishment as an important gambling 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. These favourable market dynamics are expected to enable Speymill Macau to offer shareholders an attractive overall return.

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.

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

Related Shares:

TCA.L
FTSE 100 Latest
Value7,717.28
Change-193.25