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31 Jan 2017 07:00
Adamas Finance Asia Limited
("ADAM" or the "Company")
Distribution from Greater China Credit Fund
The Directors of ADAM are pleased to announce that the Company has received a cash distribution of approximately US$511,000 from its investment in the Greater China Credit Fund ("GCCF" or "the Fund"). The payment comprises a return of investment capital plus interest.
GCCF is an investment fund overseen by ADAM's Hong Kong-based investment manager, Adamas Asset Management (HK) Limited ("Adamas"). GCCF was established in August 2013 to address the trillion-dollar funding gap that exists for SMEs across Greater China by providing them with a mix of debt, convertible instruments and structured or preferred equity, underpinned by stringent due diligence and robust collateral arrangements.
The latest distribution to ADAM results from the Fund's partial exit from a structured loan investment in a garment manufacturer which operates factories in China's Guangdong Province and Thailand and supplies key customers worldwide, including Adidas, Nike, Hugo Boss and North Face.
ADAM Chairman John Croft said: "Despite the difficulties and inevitable setbacks of investing in China, the Adamas team is showing how strong returns can be achieved, and we are looking forward hopefully to further healthy returns from investments during 2017."
Enquiries:
Adamas Finance Asia Limited | |
John Croft | +44 (0) 1825 830587 |
WH Ireland Limited | |
Tim Feather Ed Allsopp | +44 (0) 113 394 6600 +44 (0) 117 945 3444 |
First City Public Relations (Hong Kong) | +852 2854 2666 |
Allan Piper | |
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