Adamas Finance Asia Limited Repayment of Loan by Portfolio Company (4691C)
June 28 2016 - 3:37AM
UK Regulatory
TIDMADAM
RNS Number : 4691C
Adamas Finance Asia Limited
28 June 2016
Adamas Finance Asia Limited
("ADAM" or the "Company")
Repayment of Loan BY PORTFOLIO COMPANY
Further to the announcement on 17 June 2014, the Company
announces that it has received full repayment of the loan of US$2.4
million advanced to Changtai Jinhongbang Real Estate Development
Co., Ltd, a company in which ADAM holds an indirect 15% interest
(the "Loan").
The Loan carried a coupon of 10% per annum, payable six monthly,
and had a two year term. Funding for the Loan was provided to ADAM
by Elypsis Solutions Limited, the Company's major shareholder, by
means a loan with a coupon of 9% per annum, payable six monthly,
which has also now been repaid.
Enquiries:
Adamas Finance Asia Limited
John Croft +44 (0) 1825 830587
WH Ireland Limited
Tim Feather +44 (0) 113 394
Liam Gribben 6600
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
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