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Adamas Finance Asia posts drop in assets, wider loss

Thu, 23rd Jun 2016 13:14

(ShareCast News) - Adamas Finance Asia posted its results for the 2015 calendar year on Thursday, and revealed a consolidated net asset value of $115m at year-end, down from $118.9m a year earlier.The AIM-traded firm reported a wider loss for the year, at $3.9m, compared with $0.545m in 2014.Year-end cash grew, however, to $3.6m from $0.492m, and the company confirmed it received a post year-end cash payment of $0.755m from BRJ fund."I believe that while 2015 saw disappointing delays in our planned asset disposal programme, it also showed how our shift to income-generating investments, whilst still in its early stages, is already yielding high rates of return," said Adamas Finance Asia chairman John Croft."Progress with new investments was unavoidably held back, which is frustrating in the light of our strong deal pipeline."Croft said the company remained underpinned by the experienced team in Hong Kong, with proven expertise operating in the Chinese investment sector."I remain confident that in the long term their investment advice and fund management skills will yield strong returns for ADAM shareholders," Croft added.

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Adamas restructures investment in magnesium operation in Shanxi, China

(Sharecast News) - Investment company Adamas Finance Asia announced the restructuring of its equity and debt interests in Hong Kong Mining (HKMH) on Tuesday, which is the special purpose vehicle holding its interest in Linfen Zhuangpeng Magnesium Company, which owns a large open-pit dolomite magnesium limestone operation in Shanxi Province, China.

26 Mar 2018 17:08

Adamas Finance Increase Holding In Chinese Miner To 85% (ALLISS)

LONDON (Alliance News) - Adamas Finance Asia Ltd said Monday that it has increased its shareholding in China-focused miner Hong Kong Mining Holdings Ltd a

19 Mar 2018 12:48

Adamas Finance Asia Invests USD2 Million In DocDoc Under New Manager

LONDON (Alliance News) - Adamas Finance Asia Ltd said on Monday it has made its first investment in Singapore-based patient empowerment company DocDoc Pte

23 Jan 2017 11:07

Adamas Finance Asia Says Global Pharm Has Missed Targeted Repayments

13 Jan 2017 14:57

Adamas reports positive progress on TTS Project disposal

(ShareCast News) - Adamas Finance Asia updated the market on the disposal of the Tian Tong Shan Villa Project on Friday. The AIM-traded company had announced the proposed disposal of its interest in the TTS Project on 4 January, through both the exercise of a put option and a proposed sale and purch

4 Jan 2017 09:05

Adamas to sell China resort stake due to 'sluggish' market

(ShareCast News) - Adamas Finance Asia is to sell its 15% stake in a resort development in China for ¥113.58 (about $16.4m) due to "sluggish" Chinese property market and to raise funds to invest in high-yield projects. The AIM-listed company agreed to sell its interest in the Tian Ton Shan villa pro

5 Dec 2016 11:53

DIRECTOR DEALINGS: Adamas Finance Asia Manager's Lau Buys Shares

28 Nov 2016 12:11

DIRECTOR DEALINGS: Adamas Finance Asia Manager's Lau Buys Shares

23 Nov 2016 11:46

DIRECTOR DEALINGS: Adamas Finance Asia Manager's Lau Buys Shares

31 Oct 2016 11:29

DIRECTOR DEALINGS: Adamas Finance Asia Manager's Lau Buys Shares

6 Oct 2016 14:51

Adamas converts Fortel holding into income-generating loan

(ShareCast News) - Adamas Finance Asia announced on Thursday that, as a result of a restructuring, its indirect 33.6% shareholding in Fortel Technology Holdings has been converted into an $11.3m interest-bearing loan. The AIM-traded firm said the conversion represents a step in its long-term strateg

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