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Posting of Interim Report

18th Sep 2009 07:00

RNS Number : 2714Z
Speymill Macau Property Company PLC
18 September 2009
 



18 September 2009

Speymill Macau Property Company plc 

("Speymill Macau" or the "Company")

Posting of Interim Report

Speymill Macau Property Company plc (MCAU.L), the Macau focused property investment company listed on AIM, announces that the Company's interim report for the 6 months ended 30 June 2009 has been posted to shareholders and is available on its website, http://www.speymillmacau.com. 

 

For further information please visit www.speymillmacau.com or contact:

Speymill Property Group Limited 

(Manager)

Speymill Property Group (Far East) Limited (Investment Adviser)

Nigel Caine, CFO Funds

Thomas Sipos

Nick Harris, Manager

+852 2514 6104

+44 1624 640 860

 

 

 

Smith & Williamson Corporate Finance Limited (Nominated Adviser)

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

 

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-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 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 to 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.

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

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