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ADAM sells interest in Global Pharm

15 September 2017 07:27

Adamas Finance Asia has sold its interest in Global Pharm Holdings Group.

ADAM said the transaction was in line with the company's objective of maximising shareholder returns through a managed disposal programme of its legacy portfolio where commercially viable and reinvesting the proceeds in pan-Asian income producing assets with capital gain potential.

The company said it had agreed to sell its 75% interest in Blazer Delight, through which ADAM holds its interest in Global Pharm, to Fortune Insight for $15.6m in cash.

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