Adamas restructures investment in magnesium operation in Shanxi, China
27th Aug 2019 16:03
(Sharecast News) - Investment company Adamas Finance Asia announced the restructuring of its equity and debt interests in Hong Kong Mining (HKMH) on Tuesday, which is the special purpose vehicle holding its interest in Linfen Zhuangpeng Magnesium Company, which owns a large open-pit dolomite magnesium limestone operation in Shanxi Province, China.
Read moreAdamas reports positive progress on TTS Project disposal
13th Jan 2017 14:57
(ShareCast News) - Adamas Finance Asia updated the market on the disposal of the Tian Tong Shan Villa Project on Friday. The AIM-traded company had announced the proposed disposal of its interest in the TTS Project on 4 January, through both the exercise of a put option and a proposed sale and purch
Read moreAdamas to sell China resort stake due to 'sluggish' market
4th Jan 2017 09:05
(ShareCast News) - Adamas Finance Asia is to sell its 15% stake in a resort development in China for ¥113.58 (about $16.4m) due to "sluggish" Chinese property market and to raise funds to invest in high-yield projects. The AIM-listed company agreed to sell its interest in the Tian Ton Shan villa pro
Read moreAdamas converts Fortel holding into income-generating loan
6th Oct 2016 14:51
(ShareCast News) - Adamas Finance Asia announced on Thursday that, as a result of a restructuring, its indirect 33.6% shareholding in Fortel Technology Holdings has been converted into an $11.3m interest-bearing loan. The AIM-traded firm said the conversion represents a step in its long-term strateg
Read moreAdamas Finance Asia posts drop in assets, wider loss
23rd Jun 2016 13:14
(ShareCast News) - Adamas Finance Asia posted its results for the 2015 calendar year on Thursday, and revealed a consolidated net asset value of $115m at year-end, down from $118.9m a year earlier. The AIM-traded firm reported a wider loss for the year, at $3.9m, compared with $0.545m in 2014. Year
Read moreAdamas Finance Asia realises BRJ investment
6th Apr 2016 14:42
(ShareCast News) - AIM-traded Adamas Finance Asia Ltd (ADAM) realised one of its investments on Wednesday, announcing that the Greater China Credit Fund (GCCF) had acquired the Renminbi Qualified Foreign Limited Partner vehicle (RQFLP) of BRJ China Credit Fund. GCCF was launched by Adamas Asset Mana
Read moreAdamas Finance gets another $0.75m from Global Pharm
15th Jun 2015 12:59
Adamas Finance Asia said on Monday that it has received a further payment of $0.75m from Global Pharm Holdings Group following the sale of its interest in the company. In May, Adamas updated the market on the disposal of its interest in Global Pharm, saying it had received $0.75m. Under the redempti
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