REG - Jade Road Investmnts - Partial Divestment in Meize Energy Industries

Jade Road InvestmentsAnnouncement

20/07/2022 08:45

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RNS Number : 1176T  Jade Road Investments Limited  20 July 2022

20 July 2022

JADE ROAD INVESTMENTS LIMITED

("Jade Road Investments", "JADE", the "Company" or the "Group")

Jade Road Investments Limited (AIM: JADE), the London quoted pan-Asian
diversified investment vehicle focused on providing shareholders with
attractive uncorrelated, risk-adjusted long-term returns, is pleased to
announce that the Company has successfully received the Second Tranche Price
of USD400,000 from Meize Energy Industries Holdings Limited ("Meize"), one of
the leading privately-owned wind turbine blade manufacturing companies in
China, currently the second-largest holding in the Company's portfolio (12.1%
of NAV as at announcement).

The Company expects to receive the Third Tranche Price in late August 2022 as
agreed in the SPA.

The total consideration of USD1.2 million for 112,500 shares of the Series B
Preferred Equity in Meize implies a valuation of USD10.0 million for the
Company's investment in Meize, which indicates a 22.0% premium to the carrying
value as at the 31(st) of December 2021 (USD8.2 million).

For further information on JADE, please visit the Company's website
at www.jaderoadinvestments.com and follow the Company on Twitter
(@JadeFinance).

FOR FURTHER INFORMATION, PLEASE CONTACT:

 Jade Road Investments Limited                      +44 (0) 778 531 5588
 John Croft

 WH Ireland Limited - Nominated Adviser             +44 (0) 20 7220 1666
 James Joyce
 Andrew de Andrade

 Hybridan LLP - Corporate Broker                    +44 (0) 203 764 2341
 Claire Noyce

 Lionsgate Communications - Communications Adviser  +44 (0) 779 189 2509
 Jonathan Charles

 

About Jade Road Investments

Jade Road Investments Limited is quoted on the AIM Market of the London Stock
Exchange and is committed to providing shareholders with attractive
uncorrelated, risk-adjusted long-term returns from a combination of realising
sustainable capital growth and delivering dividend income.

 

The Company is focused on providing growth capital and financing to emerging
and established Small and Medium Enterprises (SME) sector throughout Asia,
well-diversified by national geographies, instruments and asset classes. This
vital segment of the economy is underserved by the traditional banking
industry for regulatory and structural reasons.

 

The Company's investment manager, Harmony Capital, seeks to capitalise on its
team's established investment expertise and broad networks across Asia.
Through rigorous diligence and disciplined risk management, Harmony Capital is
dedicated to delivering attractive income and capital growth for shareholders
with significant downside protection through selectively investing in assets
and proactively managing them.

 

Harmony Capital is predominately sourcing private opportunities and continues
to create a strong pipeline of attractive income-generating assets from
potential investments in growth sectors across Asia, including healthcare,
fintech, hospitality, IT and property. 

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the retained EU law version of the
Market Abuse Regulation (EU) No. 596/2014 (the "UK MAR") which is part of UK
law by virtue of the European Union (Withdrawal) Act 2018. The information is
disclosed in accordance with the Company's obligations under Article 17 of the
UK MAR. Upon the publication of this announcement, this inside information is
now considered to be in the public domain.

 

 

 

 

 

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