Adamas Finance Asia Limited Update on proposed IPO of HKMH (1935L)
08 January 2016 - 2:07AM
UK Regulatory
TIDMADAM
RNS Number : 1935L
Adamas Finance Asia Limited
07 January 2016
ADAMAS FINANCE ASIA LIMITED
("ADAM" or the "Company")
UPDATE ON PROPOSED IPO of HKMH
Adamas Finance Asia Limited (AIM: ADAM) announces that Hong Kong
Mining Holdings Limited ("HKMH") has been notified by the Hong Kong
Stock Exchange that its application for listing has not been
successful.
HKMH is a resources company whose primary asset is a large
dolomite magnesium limestone mine in the province of Shanxi, China.
Through its wholly owned subsidiary, Dynamite Win Limited, ADAM
holds an interest of 10.95% in HKMH, together with a put option
under which the Company can sell the interest to HKMH's major
shareholder.
The Directors of ADAM will review options in relation to the
holding in HKMH together with the Company's Investment Manager.
Further announcements will be made as appropriate.
Enquiries:
Adamas Finance Asia Limited
John Croft +44 (0) 1825 830587
Nominated Adviser
W H Ireland Limited
Tim Feather
Liam Gribben +44 (0) 113 394 6600
Broker
Edmond de Rothschild Securities
(UK) Limited +44 (0) 20 7845 5950
John Armstrong-Denby
Hiroshi Funaki
Public Relations Advisers
Ryan Communication (Hong Kong)
Scott McFarlane +852 6297 3801
This information is provided by RNS
The company news service from the London Stock Exchange
END
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