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Full interview: Adamas Finance Asia issues first corporate bond & takes stake in Japanese ski village

Suresh Withana from Harmony Capital, the investment advisers to Adamas Finance Asia Limited (LON:ADAM), updates Proactive London's Andrew Scott since announcing their first bond issue as well as the news they're to acquire a 40% interest in Infinity TNP, a newly formed subsidiary of Infinity Capital Group (ICG).

Adamas will pay ICG £5.63mln for the 40% stake, to be satisfied through the issue of 16.2mln shares at an assumed price of 34.8p per share, giving ICG a 16% stake in Adamas.

Quick facts: Adamas Finance Asia Limited

Price: 24 GBX

Market: AIM
Market Cap: £21.1 m

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Adamas Finance Asia to raise £3.13mln and change its name to Jade Road...

Suresh Withana from Harmony Capital Investors, the adviser to Adamas Finance Asia Limited (LON:ADAM), discusses with Proactive plans to raise £3.13mln from a placing and open offer as well as why they're looking to change its name to Jade Road Investments. He says the fundraise will help bolster...

4 weeks ago

2 min read