Adamas Finance Asia (LON:ADAM)

Adamas Finance Asia (LON:ADAM)


Share Price
40.00 p
Change
39.5 (7,519.05 %)
Market Cap
£35.16 m
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Adamas Finance Asia RNS Release

Update on Hong Kong Mining Holdings Limited


RNS Number : 0753S
Adamas Finance Asia Limited
06 March 2019
 

06 March 2019

ADAMAS FINANCE ASIA LIMITED

("ADAM" or the "Company") 

UPDATE ON HONG KONG MINING HOLDINGS LIMITED ("HKMH")

Adamas Finance Asia Limited ("ADAM" or the "Company"), the London quoted pan-Asian diversified investment vehicle, would like to provide an update on activity to restart production at HKMH's mining site.

The investment manager is pleased to report that workers are now active on-site and that key management personal have been appointed. However, due to minor unanticipated regulatory delays, the Company advises that production is now expected to recommence in the second half of 2019. We look forward to publishing a further update to shareholders in due course on this project.

 

Enquiries:

Adamas Finance Asia Limited

John Croft

+44 (0) 1825 830 587

 

WH Ireland Limited - Nominated Adviser

James Joyce

James Sinclair Ford

+44 (0) 20 7220 1666

 

 

 

VSA Capital Limited - Corporate Broker

 

Andrew Monk

+44 (0) 20 3005 5000

Andrew Raca

 

 

 

Buchanan - Financial PR

Charles Ryland

Victoria Hayns

Henry Wilson

 

+44 (0) 20 7466 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. 


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 [email protected] or visit www.rns.com.
 
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