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Macau Property Opportunities Fund NAV drops 10% in first half

By BFN News | 09:42 AM | Wednesday 15 July, 2020


Macau Property Opportunities Fund said its first-half performance slipped, as the Chinese region's economy and property market was hit by the Covid-19 crisis. The company's adjusted net asset value per share fell 10% to $2.261, or £1.84. Despite the pressure on Macau's economy, the company sold three apartments with a cumulative value of $5.8m above valuation during the period. 'The entire mainland China is now off Macau's list of highly infected areas, which means all visitors from mainland China can now enter Macau without undergoing quarantine, paving the way for the gradual recovery of Macau's economy,' it said. At 9:42am: (LON:MPO) Macau Property Opportunities Fund Ltd share price was -0.5p at 59.75p Story provided by StockMarketWire.com

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