We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register to chat with like-minded investors on our interactive forums.
| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Adamas Finance Asia Limited | LSE:ADAM | London | Ordinary Share | VGG008271246 | ORD NPV (DI) |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 24.50 | 23.00 | 26.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
From Apr 2019 to Apr 2024
TIDMADAM
RNS Number : 1081U
Adamas Finance Asia Limited
13 January 2017
Adamas Finance Asia Limited
("ADAM" or the "Company")
UPDATE ON TTS PROJECT DISPOSAL
On 4 January 2017, Adamas Finance Asia Limited announced the proposed disposal of its interest in the Tian Tong Shan Villa Project (the "TTS Project") through both the exercise of the Put Option, as defined in that announcement, and a proposed sale and purchase agreement to be entered into with R&F Properties Co. Limited ("R&F"), a Guanzhou-based real estate developer listed on the Hong Kong Stock Exchange (the "SPA").
The SPA has now been entered into by LWL, R&F and Splendid Sun, the vehicle of Wang Chun Fang, which owns the remainder of the TTS Project not owned by LWL, on the terms set out in the announcement of 4 January 2017. Completion of the SPA remains subject to the satisfactory finalisation of R&F's due diligence.
LWL expects to receive the first payment of RMB 50 million (approximately US$7.2 million) due from the exercise of the Put Option by 6 February 2017.
Enquiries:
Hot Features
Premium
Adamas Finance Asia Limited
John Croft +44 (0) 1825 830587
WH Ireland Limited - Nominated Adviser
+44 (0) 113 394
6600
Tim Feather +44 (0) 117 945
Ed Allsopp 3444
finnCap Limited - Broker
William Marle +44 (0) 20 7220
Grant Bergman 0500
First City Public Relations
(Hong Kong) +852 2854 2666
+44 (0) 743 814
Allan Piper 8968
This information is provided by RNS
The company news service from the London Stock Exchange
END
DISEAPFDFEAXEEF
(END) Dow Jones Newswires
January 13, 2017 03:15 ET (08:15 GMT)
1 Year Adamas Finance Asia Chart |
1 Month Adamas Finance Asia Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
