Adamas Finance Asia Limited Distribution from GCCF

TIDMADAM

Adamas Finance Asia Limited

31 January 2017

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                     [phone] 
 
 WH Ireland Limited 
                                    [phone] 
                                               6600 
 Tim Feather                        [phone] 
  Ed Allsopp                                   3444 
 
 First City Public Relations 
  (Hong Kong)                        [phone] 
 Allan Piper 
 

This information is provided by RNS

The company news service from the London Stock Exchange

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January 31, 2017 02:01 ET (07:01 GMT)