TIDMADAM

RNS Number : 3308W

Adamas Finance Asia Limited

08 February 2017

Adamas Finance Asia Limited

("ADAM" or the "Company")

UPDATE ON TTS PROJECT DISPOSAL

Further to the announcement on 13 January 2017 in relation to the proposed disposal of its interest in the Tian Tong Shan Villa Project, ADAM announces that it has been advised that the first payment of RMB 50 million (approximately US$7.2 million) due from the exercise of the Put Option (as defined in the announcement on 4 January 2017) will be received on or around 23 February 2017, rather than 6 February 2017.

Enquiries:

 
 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 
 Allan Piper                    +44 (0) 7438 148968

This information is provided by RNS

The company news service from the London Stock Exchange

END

MSCEANAPEALXEEF

(END) Dow Jones Newswires

February 08, 2017 04:26 ET (09:26 GMT)

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