14 Dec 2020 08:08
ADAMAS FINANCE ASIA LIMITED
("ADAM" or the "Company")
Change of Auditor
Adamas Finance Asia Limited (AIM: ADAM), the London quoted company focused on providing shareholders with attractive uncorrelated, risk-adjusted returns from a diversified portfolio of pan-Asian investments, is pleased to announce the appointment of PKF Littlejohn LLP as its new auditor with immediate effect. The first financial statements to be audited by PKF Littlejohn LLP will be in connection with the financial year ending 31 December 2020.
PKF Littlejohn LLP will replace Crowe LLP who has formally resigned after 10 years of service. This change seeks to continue a strong level of corporate governance and an appropriate degree of independence of the Company's auditor.
John Croft, Chairman of Adamas Finance Asia Limited commented: "We are pleased to welcome PKF as our new auditor. We would also like to take this opportunity to extend our appreciation and gratitude to Crowe for its services rendered to the Company throughout its many years of service."
For further information, please visit the Company's website at http://adamasfinance.com and follow the Company on Twitter (@AdamasFinance).
FOR FURTHER INFORMATION, PLEASE CONTACT:
Adamas Finance Asia Limited | +44 (0) 778 531 5588 |
John Croft |
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WH Ireland Limited - Nominated Adviser | +44 (0) 20 7220 1666 |
James Joyce |
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James Sinclair-Ford |
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Hybridan LLP - Corporate Broker | +44 (0) 20 3764 2341 |
Claire Louise Noyce |
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About Adamas Finance Asia
Adamas Finance Asia Limited (ADAM) is quoted on the AIM Market of the London Stock Exchange and is committed to providing shareholders with attractive uncorrelated, risk adjusted long-term returns from a combination of realising sustainable capital growth and delivering dividend income.
The Company is focused on providing growth capital and financing to emerging and established Small and Medium Enterprises (SME) sector throughout Asia, well diversified by national geographies, instruments and asset classes. This vital segment of the economy is underserved by the traditional banking industry for regulatory and structural reasons.
The Company's investment manager, Harmony Capital, seeks to capitalise on its team's established investment expertise and broad networks across Asia. Through rigorous diligence and disciplined risk management, Harmony Capital is dedicated to delivering attractive income and capital growth for shareholders with significant downside protection through selectively investing in assets and proactively managing them.
Harmony Capital is predominately sourcing private opportunities and continues to create a strong pipeline of attractive income generating assets from potential investments in growth sectors across Asia, including healthcare, fintech, hospitality, IT, and property.