Sygnus Credit Looks Beyond Jamaica for Investment Prospects
Start-up investment company Sygnus Credit reported profit of US$1.4 million for year ending June 2018.
Start-up investment company Sygnus Credit reported profit of US$1.4 million for year ending June 2018.
Sygnus Credit Investments Limited (SCI) says it has completed its first investment since its recently closed US$20-million initial public offering (IPO) in May.
Sygnus Credit Investments (SCI), the private credit investment company managed by the Sygnus Group, listed two classes of shares on the Jamaica Stock Exchange (JSE) Main Market on Monday.
Tripling its initial subscription target of US$10 million to raise a total of US$33.5 million ($4.2 billion), Sygnus Credit Investments Ltd will on Monday list its shares on the main J$ and US$ market of the Jamaica Stock Exchange (JSE).
The IPO, which was aimed at raising US$10 million ($1.2 billion) tripled its subscription target, raising a total of US$33,558,213.40 ($4,216,180,103.56) for both share classes.
MegaMart principal acquires Dutch supermarket chain in Aruba, Bonaire and Curaçao. Ike Johnson, Head of M&A at Sygnus, structured the deal and led the negotiations.