Special Advisory: Kingston Wharves Limited (KW)

November 22, 2018

Kingston Wharves Limited (KW) has confirmed that by transaction completed with effect from August 31, 2018, KW Logistics Limited, of which KW is the ultimate parent, acquired a 50% shareholding interest in SSL REIT Limited at a cost of US$ 473,305.80. Going forward, the transaction and subsequent performance of SSL REIT Limited will be treated for accounting purposes as an investment in associate. KW has also made an interest-bearing loan of J$470 million to its new associate. The loan is adequately secured.

2018-11-22T20:27:35+00:00