THE Jamaica Stock Exchange Limited (JSE) is among a number of financial entities that have decided not to declare a dividend in what can be described as a challenging economic environment.
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Supreme Ventures Limited, SVL, has acquired 15 per cent of Dolla Financial Services, an investment that has already climbed in value to more than $1 billion. SVL is a lottery and gaming company but it’s also invested in the microfinancing sector.
Mayberry Investments Limited, MIL, announced the completion of a second real estate development this week, an outsourcing office complex. It’s “in the process of tenanting it up and looking to sell it”, said CEO Gary Peart. From a profit.
Zodiac Caribbean is floating a new US$10-million bond that will be used to refinance existing debt at lower interest rates. The bond is being backed by its shares in Supreme Ventures Limited, and will be issued in two tranches that will pay.
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