TIDMADAM

RNS Number : 8060B

Adamas Finance Asia Limited

15 January 2018

ADAMAS FINANCE ASIA LIMITED

(the "Company" or the "Group")

FURTHER RE. DISPOSAL OF INTEREST IN GLOBAL PHARM

On 15 September 2017, Adamas Finance Asia Limited, a London quoted pan-Asian diversified investment vehicle, announced the disposal of the Group's interest in Global Pharm Holdings Group Inc. (the "Transaction").

Under the terms of the Transaction, the consideration of US$15.6 million in cash, was due for payment by the purchaser, Fortune Insight Limited, within 120 days of 15 September 2017. On 12 January 2018, the Company agreed to extend the date for payment to 31 March 2018.

A further announcement will be made in due course.

Enquiries:

 
Adamas Finance Asia Limited 
John Croft                    +44 (0) 1825 830587 
 
 
WH Ireland Limited - Nominated Adviser 
Tim Feather 
 James Sinclair-Ford         +44 (0) 113 394 6600 
 
 
finnCap Limited - Broker 
William Marle 
 Grant Bergman               +44 (0) 20 7220 0500 
 
 
Buchanan - Financial PR 
 Charles Ryland 
 Victoria Hayns 
 Henry Wilson                +44 (0) 20 7466 5000

About Adamas Finance Asia

ADAM is a London quoted investment company focusing on delivering long-term income and capital growth to shareholders through a diverse portfolio of pan-Asian investments.

ADAM aims to provide uncorrelated returns through a combination of capital growth and dividend income from a broad spectrum of national geographies and asset classes.

The Company's investment manager Harmony Capital, which has a dedicated team with real Asian expertise, will focus on the strategy of creating income and capital growth as well as addressing the issues of the ongoing legacy portfolio. Harmony is sourcing predominately private opportunities and a strong pipeline already exists. Income generating assets include investments in property, mining, pharmaceuticals, and telecoms across Asia.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

January 15, 2018 02:00 ET (07:00 GMT)

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