Adamas Finance Asia Limited New Investment (6586J)
December 06 2018 - 3:14AM
UK Regulatory
TIDMADAM
RNS Number : 6586J
Adamas Finance Asia Limited
06 December 2018
ADAMAS FINANCE ASIA LIMITED
("ADAM" or the "Company")
NEW INVESTMENT
Real estate investment in Japanese ski resort
Adamas Finance Asia Limited ("ADAM"), the London quoted
pan-Asian diversified investment vehicle, is pleased to announce a
new investment in Infinity Capital Group Limited ("ICG") through a
senior secured loan note (the "Loan"). ICG develops premium
residential projects in Hirafu Village, a world-class ski village
in Niseko, Japan - one of the most popular winter travel
destinations in the world.
The Loan principal is US$4.0M and will pay a coupon of 17.5% per
annum in cash. The Loan will be drawn down in tranches with the
first tranche to be drawn imminently. The Loan is secured by real
estate assets which are also part of ICG's portfolio in Niseko.
Additionally, ADAM will be issued with detachable warrants.
These warrants will give ADAM the right to subscribe to up to
USD4MM in the equity of ICG or its parent company should either
undertake a liquidity event, such as an Initial Public
Offering.
The investment contributes additional diversification to ADAM's
portfolio of pan-Asian SME assets and provides the Company with
exposure to the rapidly growing Asian winter tourism market. Niseko
was recently named as one of the top ten ski areas in the world by
Snow Magazine.
Jones Lang LaSalle as property appraiser and a leading Asian law
firm were appointed by ADAM on this transaction.
ADAM's Chairman, John Croft, commented on the new
investment:
"We are delighted to be making this new investment and grow our
high quality and diverse portfolio with a further attractive income
accruing asset. Japanese tourism-focused real estate development is
a rapidly growing sector. ICG operates the 'TELLUS' brand which has
proven to be exceedingly popular and highly regarded in the market.
We are pleased that our exposure will be through ICG and TELLUS, in
Niseko, Japan's premier ski resort. We look forward to continuing
to diversify our exposure to a variety of sectors and geographies
across Asia, primarily through the deployment of income producing
investments."
Enquiries:
Adamas Finance Asia Limited
John Croft +44 (0) 1825 830587
WH Ireland Limited - Nominated
Adviser
James Joyce +44 (0) 113 394
James Sinclair-Ford 6600
VSA Capital Limited - Corporate
Broker
Andrew Monk +44 (0) 20 7220
Andrew Raca 0500
Buchanan - Financial PR
Charles Ryland +44 (0) 20 7466
Henry Wilson 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. 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 from the Asian Small and Medium
Enterprise (SME) sector.
The company's investment manager, Harmony Capital, which has a
dedicated team with real Asian expertise, is focussed on the
strategy of creating income and capital growth. Harmony is sourcing
predominately private opportunities and has created a strong
pipeline of income generating assets from potential investments in
industries such as healthcare, fintech, hospitality, IT and
property across Asia.
About Infinity Capital Group Limited
ICG is a Hong Kong based property developer with multiple active
property development projects in Niseko, Japan. All high-end
residential projects developed by ICG are branded as "TELLUS" and
"TELLUS" is an exclusive trademark which forms part of ICG's
portfolio. ICG is also looking at further property development
projects in other parts of pan-Asia, including Australia, Thailand
and Indonesia. ICG It is wholly owned by LC Capital Limited, a Hong
Kong private equity firm.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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