logo-loader

Adamas Finance Asia to receive US$15.6mln for Global Pharma stake soon

Published: 09:27 29 Mar 2018 BST

dollar bills
Funding has been secured by buyer FIL

Adamas Finance Asia Limited (LON:ADAM) has been informed by the buyer of its interest in Global Pharma Holdings Group that funding to complete the deal has been secured.

The Asia-focused investment group was due US$15.6mln in cash by 31 March from Fortune Insight Limited (FIL), which is acquiring the stake.

WATCH: Adamas Finance Asia swaps chunk of legacy portfolio for new Hong Kong investment

FIL has now confirmed to Adamas that it is finalising the paperwork to complete the transaction and that the US$15.6mln would be paid in the near future.

Oriole Resources outlines 2023 achievements and future exploration plans

Oriole Resources PLC (AIM:ORR) CEO Tim Livesey and chief financial officer Bob Smeeton join Proactive's Stephen Gunnion with details of the company's 2023 financial and operational performance. Livesey highlighted successful exploration programs in Cameroon, at the Bibemi and Mbe projects,...

2 hours, 54 minutes ago