Portfolio

Hong Kong Mining

A pre-IPO investment in a mining company with primary asset in one of the largest dolomite magnesium limestone mines in the province of Shanxi, China. The mine is an open-pit format with significant scale of reserve. The company is preparing and has filed its listing application on the Hong Kong Stock Exchange. 

ADAM has 10.95% interest in HKMH and the primary exit strategy is through the IPO. If the IPO does not materialize by 31 December 2015, ADAM can choose to exercise a put option to sell its interest to the major shareholder of HKMH at a premium based on an IRR of 29% per annum on the original investment amount.