Fresh on the back of their Jiadeli victory, ARC Capital has announced that, on 16 June 2015, the China International Economic and Trade Arbitration Commission (“CIETAC”) unanimously ruled that the Orient Home Group shall be required to refund Shanghai C.P. Jing Cheng Enterprise Development Co. Ltd. (a subsidiary of ARCH) the entire RMB480m deposit (equivalent […]
Kuala Limited has announced results for the year ended 31 March 2015. This period includes its conversion from being a fund focused on investments in China to being a fund focused on investments in the natural resources and energy sector, particularly in Africa. The company’s last Chinese investment (Wan Wei) has been struck off and is […]
Invesco Income Growth’s results for the year to the end of March 2015 show the fund outperforming the FTSE All-Share Index by 3.7%, returning 10.3% to the index’s 6.6%. The return to shareholders was 9.9%. The total dividend for the year was 10.1p, up 2.5% on the 9.85p paid for the year ended 31 March 2014. […]
Dexion Absolute has announced a redemption offer for up to 25% of its outstanding shares. Anyone who opts for that will probably have to wait until Q1 2016 to see any money (as they liquidate the investment in Aurora Offshore Fund II) and then will have to wait longer for the balance of their investment given […]
ARC Capital has received the award made by the Beijing Second Intermediate Court in respect of the Jiadeli Holdback. HNA Group has paid the company RMB93m and ARC Capital Holdings has waived the interest due. After costs the company ends up with the equivalent of $13m – they might have to pay some tax on […]
JPMorgan Japan Smaller Companies has announced that, for the year ended 31 March 2015, the total return on net assets was 30.9%, well ahead of the return of the Company’s benchmark, the S&P/Citigroup Japan Extended Market Index, which rose by 22.4%. Over the same period, the Company’s share price increased by 35.9%, reflecting a narrowing of the discount […]
JZ Capital is investing $22m in K2 Towers, an owner and operator of wireless communication towers. Thety did the deal alongside private equity group, Orangewood Partners. K2 was founded in 2009. Its portfolio of telecom towers runs across the US and Puerto Rico. GThey reckon their team has invested in over 2000 towers over the […]
Templeton Emerging Markets lagged its benchmark index, The MSCI Emerging Index, by 3.6% over the year to the end of March 2015, returning 9.6% against 13.2% for the benchmark. In addition the discount widened from 10.9% to 13.3% leaving shareholders with a return of 6.9%. The dividend was increased from 7.25p to 8.25p. The manager’s report […]
Fidelity China Special Situations has announced results for the year ended 31 March 2015 that show the the Company’s NAV increased by 45.3% and the share price by 39.9%. The NAV outperformed the Benchmark Index, the MSCI China Index in sterling terms, by 6.0%. The dividend is being increased from 1.15p to 1.3p. The biggest […]
SEGRO has announced that it will take full control of its Heathrow Bog Box Industrial & Distribution Fund joint venture with M&G. The Fund was formed as a 50/50 joint venture between Brixton PLC and M&G Real Estate in 2004 to own two assets in the vicinity of Heathrow Airport: Axis Park and Heathrow Corporate Park. SEGRO acquired […]
