PROVEN Group Limited has surrendered securities licences for two of its subsidiaries, Proven Management and International Financial Planning Jamaica (IFPJ), in a cost-saving play that's also expec.
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While the Financial Services Commission (FSC) cited Stocks and Securities Limited (SSL) over the last decade, the Jamaica Stock Exchange's (JSE) Regulatory and Market Oversight Division (RMOD) cit.
One tranche of Mayberry Investments Limited's $5-billion secured bond has been closed due to it being oversubscribed.
Tranche IV had an initial subscription cap of $1.25 billion like the other t.
As interest rates keep pace with inflation and the equities market experiences a reduction in value traded, along with liquidity, Mayberry Investments Limited is seeking to raise a minimum of $5 b.