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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Jade Road Investments Limited | LSE:JADE | London | Ordinary Share | VGG4S09E1053 | 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% | 1.375 | 1.25 | 1.50 | 1.375 | 1.375 | 1.375 | 0.00 | 08:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Unit Inv Tr, Closed-end Mgmt | -46.14M | -52.9M | -0.1667 | -0.08 | 4.35M |
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 +44 (0) 1825 830587 WH Ireland Limited +44 (0) 113 394 6600 Tim Feather +44 (0) 117 945 Ed Allsopp 3444 First City Public Relations (Hong Kong) +852 2854 2666 Allan Piper
This information is provided by RNS
The company news service from the London Stock Exchange
END
NRAUROSRBSAAOAR
(END) Dow Jones Newswires
January 31, 2017 02:01 ET (07:01 GMT)
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