Weiss Korea Opportunity Fund Ltd.
(the "Company")
Update re Hyundai Motor Company
Following the announcement on 18 September 2014 that a consortium led by
Hyundai Motor Company will pay KRW 10.55 trillion (GBP 6.2 billion) for the
acquisition of land in Seoul (Hyundai Motor Company's share will be 55% of the
total amount) for its new headquarters, the market prices of Hyundai preferred
shares have fallen as follows:
Currency: As at As at As at % change % change
KRW 29/08/14 16/09/14 19/09/14 since since
(date of last (last 29/08/14 16/09/14
Monthly reported
Factsheet) NAV)
Hyundai Motor 150,000 145,500 119,500 -20.33 -17.87
Company,
1stPfd
Hyundai Motor 157,000 157,500 126,000 -19.75 -20.00
Company,
2ndPfd
Hyundai Motor 146,000 141,000 116,000 -20.55 -17.73
Company,
3rdPfd
Source: Bloomberg
As at 29 August 2014, being the date of the Company's last Monthly Factsheet
(as announced on 5 September 2014), Hyundai Motor Company, 1stPfd, Hyundai
Motor Company, 2ndPfd, Hyundai Motor Company, 3rdPfd represented 12%, 7% and 4%
respectively of the Company's NAV (approximately 23% of NAV in aggregate).
The Company expects to announce its next NAV on or around 24 September 2014.
For further information, please contact:
N+1 Singer
James Maxwell / Nick Donovan - Nominated Adviser
+44 (0) 207 496 3000
James Waterlow - Sales
James.Waterlow@n1singer.com
Northern Trust International Fund Administration Services (Guernsey) Limited
Cara De La Mare
+44 (0) 1481 745498
Website: www.weisskoreaopportunityfund.com
© 2014 PR Newswire
