Adamas Finance Asia Limited

Adamas Finance Asia completes second investment in Japanese ski village

The investment group is partnering with a Hong Kong-based family office on this project

Adamas Finance Asia -

Adamas Finance Asia Ltd (LON:ADAM) has completed the US$2mln second stage of a joint investment in a luxury ski resort development in Japan.

In the second part of a deal agreed last month, Adamas and a Hong Kong-based family office have each handed over another US$1mln tranche to developer Infinity Capital.

WATCH: Restructuring beginning to have 'considerable effect' on Adamas Finance Asia's income

Infinity is developing premium residential projects in the Hirafu Village ski resort in Niseko, on Japan’s Hokkaido island.

Adamas agreed to go halves on this investment, which will see it and the family office each getting 50% of the economic benefit and obligations related to the loan facility, in order to free up capital for other opportunities in its pipeline of Asian small and medium-sized businesses.

Quick facts: Adamas Finance Asia Limited

Price: £0.30

Market: AIM
Market Cap: £26.37 m

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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...

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