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Half Yearly Report

2017-04-24 londonstockexchange
I am very pleased to report a good start to the year. On a total return basis the net asset value ("NAV") per Ordinary share increased by 8.9%, outperforming the MSCI AC Asia Pacific ex Japan Small Cap Index's return of 5.1%. The share price rose by 7% to 978.0p although the discount remained stubbornly high at 13.1% to the NAV per share as at 31 January 2017 despite the Company buying back in excess of 500,000 shares during this period.