April 3, 2023
Jamaica Producers Group Limited (JP) has advised of the successful completion of the amalgamation process with PanJam Investment Limited (PJAM), which was approved by the shareholders of both companies on December 22, 2022. The amalgamation agreement between the two Jamaican conglomerates, saw JP transfer its material businesses to PJAM in exchange for JP receiving a 34.5% ownership stake in PJAM. JP has also advised of the appointment of Dr. Swee Chua and Mr. Stephen Facey, CD to its Board of Directors effective April 1, 2023.
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