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

MSCFMGZVNRKGVZG

(END) Dow Jones Newswires

June 28, 2016 03:37 ET (07:37 GMT)

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