Macau Property Opportunities Fund Ltd - property investments in Macau - IFRS net asset value per share USD1.58 at June 30, down 3.1% from USD1.63 a year ago, amid divestments. "The difficult circumstances that have confronted all businesses have delayed our exit from our remaining assets, although the sales we have achieved attest to the strength of our strategy and determination," company says. Makes disposals worth USD9.9 million in the financial year. Chair Mark Huntley warns: "The magnitude of the challenges Covid-19 travel restrictions have posed to the manager's ability to execute the divestment strategy cannot be overstated. Given the impact of such external factors, it cannot be assumed that all of the company's assets will be divested on acceptable terms by the end of 2021." No dividends declared for the year, in line with the year before.
Current stock price: 51.38 pence, down 3.1% on Monday
Year-to-date change: down 24%
By Lucy Heming;Â lucyheming@alliancenews.com
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Macau Property (MPO)