Portfolio Update

RNS Number : 2486M

Symphony International Holdings Ltd

14 September 2012

 



SYMPHONY INTERNATIONAL HOLDINGS LIMITED

SALE OF REMAINING TWO HIGH-END APARTMENTS IN MACAU

14 September 2012

Symphony International Holdings (LSE:SIHL or "Symphony"), the London listed investor in fast growing Asian consumer businesses, today announces that it has completed the sale of its remaining two high-end residential apartments in the One Central Residences development in Macau.

The gross proceeds attributable to Symphony from the sale of the remaining two apartments is US$4.9 million. The apartments were sold at a gain of approximately 51.6% over Symphony's cost. Together with the sale of two apartments that were announced at the beginning of July, total gross proceeds attributable to Symphony from the sales amount to US$9.0 million, representing a gain of approximately 53.8% over Symphony's cost.  

For further information, please contact:

FTI Consulting	[phone]/ 7175
Neil Doyle/ Tom Willetts

About Symphony International Holdings

Symphony International Holdings (LSE:SIHL) is a London listed strategic investment company that invests in hospitality, healthcare and lifestyle businesses and develops luxury branded real estate in Asia.  It offers a way for investors to gain exposure to rising disposable incomes and wealth in fast growing economies. Symphony's objective is to provide superior capital growth by investing in high quality companies and form long-term business partnerships with talented entrepreneurs and management teams. Symphony's investment team has a broad range of expertise - many of its professionals have been working in Asia for more than 25 years. For more information please visit our website at www.symphonyasia.com

No representation or warranty is made by the Company as to the accuracy or completeness of the information contained in this announcement and no liability will be accepted for any loss arising from its use.

This announcement is for information purposes only and does not constitute an invitation or offer to underwrite, subscribe for or otherwise acquire or dispose of any securities of the Company in any jurisdiction. All investments are subject to risk. Past performance is no guarantee of future returns. Prospective investors are advised to seek expert legal, financial, tax and other professional advice before making any investment decisions.

This announcement is not an offer of securities for sale into the United States. The Company's securities have not been, and will not be, registered under the United States Securities Act of 1933 and may not be offered or sold in the United States absent registration or an exemption from registration. There will be no public offer of securities in the United States.

End of Announcement

 

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