• Jamaica Gleaner: Johnson’s Petroleum Buying Unipet

    Johnson’s Petroleum emerged preferred buyer of rival United Petroleum – Unipet – on January 28 and the parties now say they expect to finalise the deal by the end of this month. The bid price was not disclosed, but Lynford Johnson, owner and chairman of Johnson’s Petroleum Holdings Limited, says he will be financing the […]

  • Jamaica Observer: Argyle issues tender for 100% of Hardware & Lumber shares

    KINGSTON, Jamaica – Marcus Richards, executive vice-chairman of Greystone Capital Partners Limited and spokesperson for Argyle Industries Inc, the special purpose vehicle which was formed to hold the shares of investors who purchased the holdings of GraceKenndey Limited (GK) in Hardware & Lumber (H&L) in December, said Monday that the company is aiming to gain […]

  • Jamaica Observer: Double listing on the JSE Double listing on the JSE

    Having raised their respective targets from their IPOs in December and met other requirements of the Jamaica Stock Exchange (JSE), the air conditioning and energy solutions company CAC alongside managed IT services tTech were listed on the Junior market of the JSE on Thursday January 7. It is the first simultaneous listing for the JSE. […]

  • Jamaica Gleaner: Grace Concludes Shares Sale In Hardware & Lumber

    Local conglomerate GraceKennedy Limited said it has completed the sale of its shares in the Spanish Town Road, Kingston headquartered Hardware & Lumber Limited (H&L) to purchaser Argyle Industries Inc. Argyle, a St. Lucian company, is a special purpose vehicle incorporated for the purposes of acquiring and holding the investor’s equity interests in Hardware & […]

  • Jamaica Observer: Sterling Asset, Greystone Equity among new shareholders in Hardware & Lumber

    KINGSTON, Jamaica – GraceKennedy had earlier in the year said it was selling its stake in Hardware and Lumber (H&L) to focus its attention on its core food and financial services business. On Wednesday Group CEO of GraceKennedy Limited Don Wehby announced the completion of the sale of its shares to Argyle, which he said […]

  • Jamaica Observer: Hardware & Lumber shares sold for close to $1b

    KINGSTON, Jamaica – On the penultimate day of the year, ownership in Hardware & Lumber Ltd (H&L) has apparently changed hands with the sale of shares numbering 47,076,054 units or 57 per cent of the company on the Jamaica Stock Exchange. The large trade amounted to over 90 per cent of market volume. The share […]

  • Jamaica Observer: GraceKennedy to invest in BPO facility in downtown Kingston

    KINGSTON, Jamaica – GK Investments Limited, a subsidiary of GraceKennedy Limited, has announced that it has entered into a lease arrangement with the Postal Corporation of Jamaica (Jamaica Post), for a section of property located at 6-10 Camp Road in downtown Kingston, which also houses the Kingston Central Sorting Office (CSO). Under the terms of […]

  • Jamaica Observer: tTech closes IPO in one minute following oversubscription

    KINGSTON, Jamaica — Technology firm tTech Ltd, aiming to raise $50.2 million on the Junior Market through an IPO, says the offer, which opened this morning, was three times oversubscribed in one minute. Using financial adviser and arranger GK Capital Management Limited and lead stockbroker NCB Capital Markets Limited, tTech placed on offer up to […]

  • Greenfield Media Grants Television and Internet Streaming Rights for ISSA/Flow Schoolboy Football Competitions to International Media Content Limited

    International Media Content Ltd. (IMC) to have exclusive rights for 2015, 2016 and 2017 seasons. Greenfield Media Productions Ltd. (Greenfield Media), the joint venture company formed between GraceKennedy and the Inter Secondary School Sports Association (ISSA) in July of this year, has granted exclusive rights to International Media Content Ltd. (IMC) for the 2015, 2016 […]