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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

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