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Adamas updates on Global Pharm repayments

01 April 2016 11:32

Adamas Finance Asia Ltd has been informed that Global Pharm is not yet in a position to resume monthly payments.

The Company's investment manager, Adamas Global Alternative Investment Management Inc., is in discussions with Global Pharm regarding a revised repayment plan.

Monthly payments are subject to Global Pharm's working capital requirements. Overdue payments are subject to the penalties set out in the announcement of Oct. 26, 2015.

At 11:32am: (LON:ADAM) Adamas Finance Asia Limited Ord Npv share price was -0.01p at 0.54p

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