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

Jade Road InvestmentsAnnouncement

18/08/2022 14:30

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RNS Number : 5156W  Jade Road Investments Limited  18 August 2022

18 August 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 further to its previous announcements on the 22(nd) of June 2022
and the 20(th) of July 2022, the third and final Tranche payment of USD400,000
has been received from Meize Energy Industries Holdings Limited ("Meize"),
thereby completing the partial divestment of JADE's holding in Meize.
Following this transaction, JADE retains a 6.3% stake in Meize.

John Croft, Chairman of JADE commented: "We are pleased to have completed this
partial divestment from Meize, whilst retaining an ongoing interest in its
future development. As I stated in our 2021 Annual Report, achieving
divestments in privately owned companies in China requires patience and
persistence. This divestment demonstrates that JADE has the expertise and
in-country resources to work closely with portfolio companies to achieve
investment returns. Our investment management team continues to focus on
realisations from other portfolio companies and I look forward to providing
updates on progress in due course."

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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