ADAMAS FINANCE ASIA LTD Further to the announcement on 30 November 2015 concerning payments due from Global Pharm Holdings Group Inc. ("Global Pharm"), the Company announces that a further US$375,000 (net to ADAM) has been received.
Monthly payments are subject to Global Pharm's working capital requirements. Global Pharm has informed the Company's investment manager, Adamas Global Alternative Investment Management Inc. that it intends to resume monthly payments in March 2016. Overdue payments are subject to the penalties set out in the announcement of 26 October 2015.
Further announcements will be made as appropriate.
Adamas Finance Asia Limited John Croft | +44 (0) 1825 830587 |
Nominated Adviser | |
W H Ireland Limited Tim Feather Liam Gribben | +44 (0) 113 394 6600 |
Broker Edmond de Rothschild Securities (UK) Limited | +44 (0) 20 7845 5950 |
John Armstrong-Denby Hiroshi Funaki | |
Public Relations Advisers | |
Ryan Communication (Hong Kong) Scott McFarlane | +852 6297 3801 |
Adamas Finance Asia Limited issued this content on 27 January 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 January 2016 08:39:09 UTC
Original Document: http://www.adamasfinance.com/files/upload/press/press/large/ADAM_-_GP_update_160126_-_WHI_v1.pdf
