StockMarketWire.com - Adamas Finance Asia said net asset value remained roughly flat year-on-year as the company completed the sale of its legacy positions in its portfolio.

For the year ended 31 December, net asset value fell slightly to US$93.0m from US$93.6m last year and

The fall in assets comes as the company sold legacy positions in its portfolio; it received US$3.0m from the disposal of Global Pharm to Fortune Insight, and sold its stake in in CPE Portfolio in exchange for a convertible bond in Fook Lam Moon.

The company also made income-generating investments in exciting pan-Asian SMEs, including US$2.0m investment in DocDoc, and a US$4.0m loan, paying 17.5% coupon per annum, to support Infinity Capital.

Looking ahead, the company said that increasing the liquidity of its stock was a key priority.

'We are confident that this good progress can continue as we look ahead to the second half of 2019,' the company said.


At 8:33am: [LON:ADAM] Adamas Finance Asia Ltd share price was 0p at 0.5p



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