LONDON (Alliance News) - Adamas Finance Asia Ltd Thursday said it is reviewing its stake in Hong Kong Mining Holdings Ltd after the company's application to list on the Hong Kong Stock Exchange was unsuccessful.
Adamas holds just under an 11% stake in Hong Kong Mining, which has a limestone mine in the province of Shanxi in China, and will now review its options over its holding in the company. Adamas did not state why Hong King Mining's application to list failed.
Adamas holds that stake in Hong Kong Mining through its wholly-owned subsidiary, Dynamite Win Ltd.
Adamas shares were untraded Thursday afternoon. They last closed at 0.630 pence.
By Joshua Warner; joshuawarner@alliancenews.com; @JoshAlliance
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