MPO expands portfolio

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Macau Property Opportunities Fund Ltd. (MPO), managed by property investment company Sniper Capital, saw its total net asset value jump 0.9 per cent quarter-to-quarter to US$228.3 million (MOP1.83 billion) as at the end of September. According to its fourth quarter investor update to the London Stock Exchange last week, the total value of the company’s portfolio in the MSAR amounted to US$398.3 million as at the end of September last year, growing 1.2 per cent quarter-to-quarter. In the filing, MPO said its retail development project in Senado Square ‘has made good progress during the quarter’.