Symphony International : SIHL – results for 2013

Over 2013 Symphony International’s net asset value decreased by 0.6% – foreign exchange weakness had a negative impact on the NAV. There were some minor changes to the portfolio – Minuet (a jv between the company and a Thai partner) sold 2.7ha of land in Bangkok for a price 50% higher than last time they sold a parcel of adjacent land in January 2012; Symphony got $4.8m in cash from the jv. Work started on a new hospital in Hong Kong (held through an investment they made in 2012 in Integrated Healthcare Hastaneler Turkey Sdn Bhd). They sold their interest in AFC  Network Private, a 24 hour TV channel; almost doubling their money on the investment. lastly they added to their holding in Maison Takuya, a luxury hand crafted leather accessories brand (iPhone cases pictured).

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