Adamas Finance Asia Limited Completion of Disposal in Selected Assets (0466I)
November 21 2018 - 3:04AM
UK Regulatory
TIDMADAM
RNS Number : 0466I
Adamas Finance Asia Limited
21 November 2018
21 November 2018
ADAMAS FINANCE ASIA LIMITED
(the "Company" or "ADAM")
Successful Completion of Disposal in Selected Assets
Adamas Finance Asia Limited (AIM: ADAM), a London quoted
pan-Asian diversified investment vehicle, is pleased to announce
that further to the release dated 5 April 2018 in relation to the
proposed disposal of interests in the CPE Portfolio, that all
conditions precedent under the Assignment and Assumption Agreement
have been fulfilled and Completion took place on 21 November
2018.
The Disposal is in line with the Company's objective of a
managed disposal programme of its legacy portfolio where
commercially viable and reinvesting the proceeds in pan-Asian
income producing assets with capital gain potential.
Enquiries:
Adamas Finance Asia Limited
John Croft +44 (0) 1825 830587
WH Ireland Limited - Nominated
Adviser
James Sinclair-Ford +44 (0) 207 220 1666
James Joyce
VSA Capital Limited - Corporate
Broker
Andrew Monk +44 (0) 20 3005 5000
Andrew Raca
Buchanan - Public Relations
Advisers
Charles Ryland +44 (0) 20 7466 5000
Henry Wilson
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. It 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, is focused on the
strategy of creating income and capital growth. Harmony Capital is
sourcing predominantly private opportunities and has created a
strong pipeline of income generating assets which include potential
investments in fintech, healthcare, property, mining, manufacturing
and education across Asia.
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END
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