Proactive Investors - Run By Investors For Investors

Adamas Finance Asia increases stake in dolomite mine

The Asia-focused investment group issued around 4.28mln shares at US$1.20 each
HKMH's mine is in Shanxi Province

Adamas Finance Asia Limited (LON:ADAM)  has increased its indirect shareholding in Hong Kong Mining Holdings Ltd (HKMH) to 84.81% from 79.26%.

The Asia-focused investment group issued around 4.28mln shares at US$1.20 each to buy out certain minority shareholders in HKMH.

WATCH: Adamas Finance Asia 'incredibly busy' with opportunities after first two investments

The vendors are also waiving repayment of loans to the miner to the value of US$5.36mln approximately.

HKMH is in the process of re-starting operations at its dolomite mine in Shanxi Province, China.

Adamas’ stake in HKMH is held through a wholly-owned subsidiary, Dynamite Win Limited.

View full ADAM profile View Profile

Adamas Finance Asia Timeline

Related Articles

chrome pipes
June 20 2018
Another change recently was for Tharisa to take over the running of the mine, which involved it buying the fleet from its contractor
November 20 2018
Borko Moric will succeed Parilla as chief executive officer. Bojan Moric will become the company's chief operations officer
Hong Kong harbour
September 17 2018
The transition of the business through the diversification of legacy assets and investing in new opportunities in Asia is well underway, said chairman John Croft

© Proactive Investors 2018

Proactive Investors Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use