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Having recently purchased a small number of shares that upped its stake in Seprod Limited to just above half of the manufacturing and distribution group, the Musson Jamaica conglomerate is making a takeover offer for more shares in line with market.
The Jamaican stock market saw more than two-thirds of listed securities drop in value as a combined $89.98 billion in value was erased across the entire market where there were a lot more losers t.
Seprod Limited plans to become a US$1-billion, revenue-generating company in about two years, which requires doubling its annual sales. The food manufacturing and distribution company, which produces brands such as Chiffon margarine, Betty.