In QuotedData’s other news 27 August 2019 –
- Adamas Finance Asia has put its interest in Hong Kong Mining Holdings into a new special purpose vehicle, domiciled in the British Virgin Islands, and named this Future Metal Holdings – you can access its website here. The SPV owns Dynamite Win Limited which owns 84.8% of Linfen Zhuangpeng Magnesium Co., Ltd, which owns a large open pit dolomite magnesium limestone operation located in Shanxi Province, China. The directors think the restructuring will help when they come to try to cash in this investment.
- P2P Global has sold the entirety of its interests in Castlehaven Finance (an alternative development and bridging finance lender in Ireland) to Avenue Capital Group. The sale of the interests includes a 25% equity stake along with other loan and debt interests. The gross proceeds from the sale are approximately EUR250 million, a portion of which is payable on a deferred basis. This represents a modest premium to the holding value of those interests.
Also Supermarket Income REIT has bought a Sainsbury’s in Preston and Hipgnosis is looking for more money
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