9th Apr 2014 10:09
LONDON (Alliance News) - Adamas Finance Asia Ltd Wednesday said it has agreed to invest USD500,000 into an investment fund launched by Adamas Asset Management HK Ltd, the Hong Kong-based investment management firm which has been acting as its investment manager.
The fund is an investment vehicle established by Hong Kong-based Adamas Asset Management Ltd, which became Adamas Finance Asia's investment manager after a reverse takeover in February.
Last week, the firm said it had received its first dividend distribution of USD75,300 from its investment in the Greater China Credit Fund. It was the first distribution made by the fund, which targets high growth small and medium enterprises in China.
Adamas Finance Asia shares last traded at USD0.08 cents per share.
By Rowena Harris-Doughty; [email protected]; @rharrisdoughty
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