Overview
Macau Property Opportunities escapes worst of Typhoon Hato – Macau Property Opportunities Fund Limited announces that the Company’s portfolio of properties has suffered minimal damage resulting from Typhoon Hato which caused widespread disruption and flooding in Macau on Wednesday. The company is fully insured for typhoon risk.
The Manager has instructed the commencement of repair works – mainly glass windows and panels – to the properties.
Typhoon Hato was the strongest recorded storm experienced in Macau in 53 years, causing several casualties and major water and power outages across the city. At least 12 people are said to have been killed as the storm hit Hong Kong, Southern China and Macau, eight of these were in Macau.
About Macau Property Opportunities Fund
Macau Property Opportunities Fund Limited is a closed-end investment company registered in Guernsey and is the only quoted property fund dedicated to investing in Macau, the world’s largest gaming market and the only city in China where gaming is legalised.
Premium listed on the London Stock Exchange, it is also a constituent stock of the FTSE All-Share and FTSE SmallCap indices.
Launched in 2006, the company targets strategic property investment and development opportunities in Macau. Its current portfolio comprises a mix of prime residential and retail property assets.
The company is managed by Sniper Capital Limited, an Asia-based property investment manager with an established track record in fund management and investment advisory.
MPO : Macau Property Opportunities escapes worst of Typhoon Hato