logo-loader
Adamas Finance Asia Limited

Update on Hong Kong Mining Holdings Limited

/**/ .ac{size:612.0pt 792.0pt;margin:72.0pt 72.0pt 72.0pt 72.0pt;}div.ac{}p.be{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; text-align: right}p.bf{margin-right:0cm;margin-left:0cm;font-size:12.0pt;font-family:"Times New Roman","serif";margin-bottom: 12.1pt; margin-left: 0cm; margin-right: 0cm; margin-top: 0cm; text-align: center}span.bg{color: black; font-family: "Calibri","sans-serif"; font-size: 11.0pt; font-weight: bold}p.bh{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; text-align: center}p.bi{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify}span.ay{color:#232323}span.ax{color:black}p.bj{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align:justify;line-height:normal} table.bk{margin-left:-16.25pt;border-collapse:collapse}tr.as{height:5.2pt}td.at{width:355.8pt;padding:0cm 5.4pt 0cm 5.4pt; height:5.2pt}p.bl{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 0cm; margin-left: 5.45pt; margin-right: 0cm; margin-top: 0cm}td.aq{width:199.85pt;padding:0cm 5.4pt 0cm 5.4pt; height:5.2pt}p.bm{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0cm;margin-right:0cm;margin-bottom:0cm; margin-left:5.45pt;margin-bottom:.0001pt;line-height:normal}td.ao{width:134.35pt;padding:0cm 5.4pt 0cm 5.4pt; height:5.2pt}p.bn{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";line-height: normal; margin-bottom: 0cm; margin-left: 0cm; margin-right: 1.7pt; margin-top: 0cm; text-align: right}tr.al{height:8.1pt}td.am{width:355.8pt;padding:0cm 5.4pt 0cm 5.4pt; height:8.1pt} p.bo{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-left:5.45pt}span.ak{font-size:12.0pt;color:black}p.bp{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:0cm;margin-bottom:.0001pt}p.bq{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; margin-bottom: 0cm}p.br{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";text-align: right}p.bs{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-top:0cm;margin-right:0cm;margin-bottom:0cm; margin-left:5.45pt;margin-bottom:.0001pt}p.bt{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";font-weight: bold; line-height: normal; margin-bottom: 6.0pt; margin-left: 0cm; margin-right: 0cm; margin-top: 12.0pt}p.bu{margin-top:0cm;margin-right:0cm;margin-bottom:8.0pt;margin-left:0cm;line-height:107%;font-size:11.0pt;font-family:"Calibri","sans-serif";margin-bottom:12.1pt;text-align:justify;line-height: normal} /**/
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.
 
END
 
 
MSCCKADDPBKDDNK

Quick facts: Adamas Finance Asia Limited

Price: £0.30

Market: AIM
Market Cap: £26.37 m
Follow

Create your account: sign up and get ahead on news and events

NO INVESTMENT ADVICE

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is...

FOR OUR FULL DISCLAIMER CLICK HERE

Watch

Full interview: Restructuring beginning to have 'considerable effect' on...

Suresh Withana from Harmony Capital, the investment manager of Adamas Finance Asia Limited (LON:ADAM), caught up with Proactive London to discuss its results for the six months to June 2019. Total income increased to US$1.25mln from interest payments and fair value adjustments (H1...

1 week, 4 days ago

RNS