Massy Holdings to cross-list shares on JSE

Regional company Massy Holdings is to cross-list its shares on the Jamaica Stock Exchange.

According to a report in Trinidad's Express newspaper, Massy's board made the decision on May 6.

Massy's board anticipates greater regional and international interest in the company's shares.

In its report for the first six months of  its 2021 financial year, Massy Holdings reported a marginal decline in its revenue, but after-tax profits increased by nearly one-fifth.

According to the group's 2020 annual report, Massy's single largest shareholder is the National Insurance Board of  Trinidad and Tobago.