– UK, Saint Peter Port – Macau Property Opportunities Fund Limited (AIM:MPO), today announced the appointment of Mark Huntley as an independent non-executive director with immediate effect.
Mark Huntley has substantial experience in the financial services industry having previously been CEO of Heritage Financial Services Group and holds a number of directorships across both listed and unlisted companies, including ICG-Longbow Senior Secured UK Property Debt Investments Limited. In addition, he is a founding director of the Channel Islands Stock Exchange LBG and is an associate Member of the Chartered Institute of Bankers.
Mr Huntley has in-depth knowledge of the Company by virtue of his role as CEO of Heritage Financial Services Group which has acted as Administrator to the Company since it was launched but he ceased his role in that business when Heritage was acquired by Estera in 2017. Through that relationship and previous roles, including as Director of AIM-listed China Growth Fund Limited, Mark has sound experience and knowledge of the Macau and Chinese markets, making him well-positioned to assist the Company in achieving its realisation strategy going forward.
Mr Huntley’s appointment coincides with the retirement of Chris Russell who has confirmed to the Board his intention to step down as Chairman of the Company with effect from the Company’s annual general meeting to take place in November 2018. Following the AGM, Mr Huntley will be appointed to act as Chairman going forward. Mr Huntley will stand for election at the Company’s AGM in November.
Chris Russell, Chairman, commented: “I am pleased to welcome Mark to the Board and to be leaving your Company in the safe hands both of the remaining Board members and Mark as my successor. Mark brings to MPO considerable understanding of the Company and experience in the Macau property market, as well as knowledge of companies in the late stages of their life cycle. “
Mark Huntley commented: “With the Company’s divestment strategy formally in place, I look forward to seeing the Company through its final stage of life, with the clear objective of achieving the right balance of value for Shareholders and timely realisation of investments. I look forward working closely with the Manager to ensure that is achieved.”
About Macau Property Opportunities Fund
Premium listed on the London Stock Exchange, 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.
Launched in 2006, the Company targets strategic property investment and development opportunities in Macau. Its current portfolio comprises luxury residential 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.
For more information : http://www.mpofund.com
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