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ADAM benefits from 22 per cent IRR project exit

An investment fund that Adamas Finance Asia (ADAM) invested USD1 million in last September has exited from a credit-finance project with a gross IRR of 22 per cent.

ADAM has also received a second semi-annual dividend distribution in the amount of USD75,301.98 from its investment in GCCF.
 
Following an initial dividend payment in March 2014, GCCF has to date yielded an annual dividend return of 15.06 per cent for ADAM.
 
GCCF was launched in August 2013 by Hong Kong-based Adamas Asset Management (HK) Limited, which since February 2014 has been has been acting as ADAM's investment manager.
 
ADAM chairman John Croft says the returns provide a clear example of the potential of providing credit finance in China.
 
“Adamas’ on–the-ground understanding and experience bring a solid underpinning to our strategic repositioning as a provider of credit-finance," he says.

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