An investment fund into which AIM-quoted Adamas Finance Asia (ADAM) invested USD500,000 in early April has exited from a Chinese investment for the second time in four weeks, this time achieving an IRR of 27.26 per cent.
The investment in both projects was made by the BRJ China Credit Fund Limited, an investment fund launched by Hong Kong-based Adamas Asset Management (HK) Limited (Adamas).
Since last February, Adamas has been acting as ADAM's investment manager.
Financing structured by Adamas is backed by robust collateral held either outside mainland China or in secure property assets.
