AIM-quoted investment group Adamas Finance Asia (AFA) is to invest USD500,000 into an investment fund managed by Adamas Asset Management , the Hong Kong-based firm that since February 2014 has been acting as AFA’s investment manager.
The new investment is being made into the BRJ China Private Credit Fund.
It follows the distribution last month to AFA of a USD75,300 dividend from an earlier USD1m investment made last year into another investment vehicle managed by Adamas.
That maiden distribution, from the Greater China Credit Fund, was the first dividend received by AFA, which until a reverse takeover earlier this year was known as China Private Equity Investment Holdings Limited.
