9 Sep 2008 07:00
9 September 2008
Speymill Macau Property Company plc
Notice of Interim Results
Speymill Macau Property Company plc (AIM: MCAU), the Macau focused property investment company, will announce its interim results for the six months ended 30 June 2008 on Wednesday, 10 September 2008.
For further information please visit www.mcau.co.im or contact:
Speymill Property Group (Investment Advisers) | Smith & Williamson Corporate Finance Limited (Nomad) | Tavistock Communications |
Thomas Sipos, Head of Real Estate Investments for Asia Pacific | Azhic Basirov Joanne du Plessis | Jeremy Carey Simon Hudson Gemma Bradley |
+852 2514 6104 | +44 20 7131 4000 | +44 20 7920 3150 |
| | |
Floris van Dijkum, Global Chief Investment Officer | Fairfax I.S. PLC (Brokers) | |
+44 20 7659 0763 | James King | |
| +44 20 7598 5368 | |
| | |
Paul Smith, CFO Funds | | |
+44 1624 640864 | | |
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 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 and tourist destination. These developments have 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.