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Financial News

Aug 2011 Financial News

NCBJ - Trading in Jamaica Money Market Brokers Limited shares

Aug 05, 2011

National Commercial Bank Jamaica Limited has informed the Exchange that NCB Capital Markets Limited (NCBCM), a wholly owned subsidiary of National Commercial Bank Jamaica Limited has today purchased 428,777,325 shares in Jamaica money Market Brokers Limited (JMMB). This acquisition represents a 29% stake in JMMB, which makes it an associated company of NCBCM.

This acquisition is in line with NCBCM’s investment management strategy of taking positions in liquid financial assets and does not represent a move to take control of or acquire a majority stake in JMMB.


Source:
The Trinidad and Tobago Stock Exchange Limited
Friday August 5, 2011