Asia Tigers Fund Inc., a closed-end fund, said on Monday that its quarterly repurchase offer for its shares of common stock expired on July 14 undersubscribed.

The fund said a preliminary count showed that only approximately 10,303 shares, or about 0.20 percent of the outstanding shares, were validly tendered and not withdrawn.

The fund had offered to repurchase up to 5 percent of its outstanding shares of common stock for cash at a price approximately equal to net asset value as of July 21.