West Indies Petroleum Terminal has begun trading on the Jamaica Stock Exchange, marking a major development for Jamaica's energy sector.
The company, listed through a Listing by Introduction, with just over eleven billion existing ordinary shares, is now trading at fifty cents each.
This places WIP Terminal's market value at approximately J$5.6 billion, making it one of the largest recent energy infrastructure listings on the Exchange.
WIP Terminal's Chairman, Charles Chambers, described the listing as historic, asserting that there are no comparable energy infrastructure assets currently trading on the JSE.
He highlighted the strategic importance of the terminal, which has a combined fuel storage capacity of more than 750,000 barrels.
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