Last checked at 
4 Mar 2010 07:00
Macau Property Opportunities Fund Limited
("MPO" or the "Company")
Proposed Move to LSE Main Market
Macau Property Opportunities Fund Limited is pleased to announce that it intends to seek a Premium Listing of its ordinary shares on the Official List of the UK Listing Authority and admission to trading on the London Stock Exchange plc's Main Market for listed securities ("Admission").
It is expected that Admission will occur during the second quarter of 2010. Collins Stewart Europe Limited will be acting as Sole Sponsor and Broker to the listing.
The Board believes that a Premium Listing will bring about a number of potential benefits including greater share liquidity, enhanced market profile and a wider shareholder base, and will also offer the most appropriate platform for the continued development of the Company.
In the longer term, there is also the added potential for the Company to enjoy the benefit of eligibility for inclusion in the FTSE All- Share Index.
Further details of the Admission proposal, including the expected timetable, will be announced in due course. It is expected that a general meeting of the Company will be convened in order to seek shareholder approval for the Admission proposal, including the making of certain amendments to the Company's articles of association.
- Ends -
About the Sponsor
Collins Stewart Europe Limited, which is authorised and regulated in the United Kingdom by the Financial Services Authority, is acting as sponsor to Macau Property Opportunities Fund Limited and is acting for no-one else in connection with the Admission and the contents of this announcement, and will not be responsible to anyone other than the Company for providing the protections afforded to clients of Collins Stewart Europe Limited nor for providing advice in connection with the Admission and the contents of this announcement or any other matter referred to herein. Collins Stewart Europe Limited is not responsible for the contents of this announcement. This does not exclude or limit any responsibilities which Collins Stewart Europe Limited may have under the Financial Services and Markets Act 2000 or the regulatory regime established thereunder.
About Macau Property Opportunities Fund
Macau Property Opportunities Fund Limited, which raised £105 million in a placing and commenced trading on AIM in 2006, is a closed-end investment fund registered in Guernsey. The Company's investment policy is to provide shareholders with an attractive total return through investing in property opportunities in one of the world's fastest growing and most dynamic regions - Macau and the Western Pearl River Delta of Southern China.
The Fund is managed by Sniper Capital Limited, an independent investment manager that specialises in property investment opportunities in niche, undervalued and developing markets.
For further information:
Website: www.mpofund.com
Nominated Adviser & Joint Broker
Collins Stewart Europe Limited
David Yovichic / Helen Goldsmith
Tel: +44 20 7523 8000
Manager
Sniper Capital Limited
Daisy Tang, Corporate & Investor Communications
Tel: +852 2292 6700
Email: info@snipercapital.com
www.snipercapital.com
Other Advisers
Public Relations
Hogarth Partnership Limited
Andrew Jaques / Simon Hockridge
Tel: +44 20 7357 9477
Joint Broker
Shore Capital Stockbrokers Limited Dru Danford
Tel: +44 20 7408 4090
Company Secretary & Administrator
Heritage International Fund Managers Limited
Mark Huntley / Laurence McNairn
Tel: +44 1481 716000
Stock Codes:
Bloomberg: MPO LN
Reuters: MPO.L