Kingston Properties is planning to return to the market to raise more capital through an additional public offer.
The company's directors will be seeking shareholder approval for the move at an extraordinary general meeting scheduled for August 10 at its Red Hills Road headquarters.
If they get the green light, the directors will then decide whether the offer will be made in US dollars.
Although the company's financials are presented in US dollars due to its international investments, its shares are currently issued in Jamaican dollars.
The Jamaica Stock Exchange does have a market for trading shares in US dollars.
Kingston Properties last raised $1.55 billion in an APO in June 2022 selling shares at $7.50 each.
Before that, it raised $1.9 billion in 2019 and $650 million in 2015.
comments powered by Disqus
All feeds
