21 Nov 2018 08:04
21 November 2018
ADAMAS FINANCE ASIA LIMITED
(the "Company" or "ADAM")
Successful Completion of Disposal in Selected Assets
Adamas Finance Asia Limited (AIM: ADAM), a London quoted pan-Asian diversified investment vehicle, is pleased to announce that further to the release dated 5 April 2018 in relation to the proposed disposal of interests in the CPE Portfolio, that all conditions precedent under the Assignment and Assumption Agreement have been fulfilled and Completion took place on 21 November 2018.
The Disposal is in line with the Company's objective of a managed disposal programme of its legacy portfolio where commercially viable and reinvesting the proceeds in pan-Asian income producing assets with capital gain potential.
Enquiries: |
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Adamas Finance Asia Limited |
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John Croft | +44 (0) 1825 830587 |
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WH Ireland Limited - Nominated Adviser |
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James Sinclair-Ford | +44 (0) 207 220 1666 |
James Joyce |
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VSA Capital Limited - Corporate Broker |
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Andrew Monk | +44 (0) 20 3005 5000 |
Andrew Raca |
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Buchanan - Public Relations Advisers |
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Charles Ryland | +44 (0) 20 7466 5000 |
Henry Wilson |
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About Adamas Finance Asia
ADAM is a London quoted investment company focusing on delivering long-term income and capital growth to shareholders through a diverse portfolio of pan-Asian investments. It aims to provide uncorrelated returns through a combination of capital growth and dividend income from a broad spectrum of national geographies and asset classes.
The Company's Investment Manager, Harmony Capital, which has a dedicated team with real Asian expertise, is focused on the strategy of creating income and capital growth. Harmony Capital is sourcing predominantly private opportunities and has created a strong pipeline of income generating assets which include potential investments in fintech, healthcare, property, mining, manufacturing and education across Asia.