Latest Share Chat

ADAM.L Share News (ADAM)

ADAM.L Information

There is currently no data for ADAM

Adamas Finance Asia realises BRJ investment

Wed, 06th Apr 2016 14:42

(ShareCast News) - AIM-traded Adamas Finance Asia Ltd (ADAM) realised one of its investments on Wednesday, announcing that the Greater China Credit Fund (GCCF) had acquired the Renminbi Qualified Foreign Limited Partner vehicle (RQFLP) of BRJ China Credit Fund.GCCF was launched by Adamas Asset Management HK in August 2013, with a strategy of providing high-yielding credit finance to operationally strong companies, primarily in China.BRJ, meanwhile, was launched by Adamas HK to provide asset-backed, structured loans to Chinese small-to-medium enterprises in need of short term bridging finance not easily available in China.The company confirmed it committed $1m to GCCF on its launch in 2013, and a further $3m in September 2015.Its RQFLP vehicle had local government approval over a quota of $50m, which enabled it to provide finance to companies in mainland China using funds raised or generated offshore.In April and July 2014 the company made two investments into BRJ, totalling $800,000.Since those investments, it had received distributions in cash totalling $87,735 and as a result of the acquisition, would receive $840,000 in cash in respect of its holding in BRJ."The company had planned to make further investments into both GCCF and BRJ as cash is realised from the existing ADAM portfolio, including the delayed redemption of the interest in Global Pharm Holdings Group," the company's board said in a statement."The company has been notified that, following the acquisition, GCCF will be closed for further investment. Therefore, the directors do not expect to make any further investments into GCCF or BRJ."

More News

27 Dec 2019 09:29

Adamas Finance Asia Investee Starts Production At Chinese Quarry

14 Nov 2019 18:33

Adamas Finance Asia Postpones AGM Amid Civil Unrest In Hong Kong

11 Nov 2019 15:06

Adamas Finance Says "Good Progress" At 85%-Owned Future metal

21 Oct 2019 16:58

Adamas Finance Asia Agrees All-Share Buy Of 40% Infinity TNP Stake

27 Aug 2019 16:03

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

Latest Share Chat

ADAM.L Share News (ADAM)

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

Adamas Finance Asia realises BRJ investment

Login to your account

Quickpicks are a member only feature

Login to your account