Adamas Finance Asia Limited Distribution from GCCF
31 January 2017 - 6:01PM
RNS Non-Regulatory
TIDMADAM
Adamas Finance Asia Limited
31 January 2017
Adamas Finance Asia Limited
("ADAM" or the "Company")
Distribution from Greater China Credit Fund
The Directors of ADAM are pleased to announce that the Company
has received a cash distribution of approximately US$511,000 from
its investment in the Greater China Credit Fund ("GCCF" or "the
Fund"). The payment comprises a return of investment capital plus
interest.
GCCF is an investment fund overseen by ADAM's Hong Kong-based
investment manager, Adamas Asset Management (HK) Limited
("Adamas"). GCCF was established in August 2013 to address the
trillion-dollar funding gap that exists for SMEs across Greater
China by providing them with a mix of debt, convertible instruments
and structured or preferred equity, underpinned by stringent due
diligence and robust collateral arrangements.
The latest distribution to ADAM results from the Fund's partial
exit from a structured loan investment in a garment manufacturer
which operates factories in China's Guangdong Province and Thailand
and supplies key customers worldwide, including Adidas, Nike, Hugo
Boss and North Face.
ADAM Chairman John Croft said: "Despite the difficulties and
inevitable setbacks of investing in China, the Adamas team is
showing how strong returns can be achieved, and we are looking
forward hopefully to further healthy returns from investments
during 2017."
Enquiries:
Adamas Finance Asia Limited
John Croft +44 (0) 1825 830587
WH Ireland Limited
+44 (0) 113 394
6600
Tim Feather +44 (0) 117 945
Ed Allsopp 3444
First City Public Relations
(Hong Kong) +852 2854 2666
Allan Piper
This information is provided by RNS
The company news service from the London Stock Exchange
END
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