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)

Jade Road Investments (LSE:JADE)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Jade Road Investments Charts.
Jade Road Investments (LSE:JADE)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Jade Road Investments Charts.