skip to content

Other

ADAM's Fortel stake converted into a loan

06 October 2016 09:55

Adamas Finance Asia says that as a result of a restructuring the company's indirect 33.6% shareholding in Fortel Technology Holdings has been converted into a US$11.3 million interest-bearing loan.

The conversion represents a step in the company's long-term strategy to convert its legacy portfolio into income-generating assets.

As at 30 June the group's portfolio was valued at US$110.1 million, with the interest in FTH representing US$11.3 million.

At 9:55am: (LON:ADAM) Adamas Finance Asia Limited Ord Npv share price was 0p at 0.49p

Story provided by StockMarketWire.com

Related Company: ADAM

Info Point:

To buy or sell shares call our Dealing Room on 0113 243 6941.

Too much jargon? Our glossary will help make sense of things.

Find out more about our Share Dealing Services.

Client Area Access

» Secure Login

» Not registered yet?

aew-banner-180x255.jpg

Branch Finder

Redmayne-Bentley have High Street branches throughout the UK. Find your nearest branch.