1st Apr 2014 12:18
LONDON (Alliance News) - Adamas Finance Asia Ltd said Tuesday that it had received its first dividend distribution of USD75,300 from its investment in the Greater China Credit Fund.
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.
This is the first distribution made by the fund, which targets high growth small and medium enterprises in China.
Shares in Adamas were trading down 13% at USD0.07 Tuesday.
By Hana Stewart-Smith; [email protected]; @hanassallnews
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