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VM Wealth offers free advisory service to assist retooling during pandemic

Portmore mayor hopeful Markland Edwards endorsed by Tyrone Wilson

MDS adds Disiclin to its consumer product division line

Medical Disposables and Supplies Limited (MDS) has expanded its consumer division with a new product, Disiclin Disinfectant. Disiclin Disinfectant, a multi-purpose, multi-surface household disinfectant and deodorizing cleaner, brings innovation to the market with the infusion of citronella.  “Disiclin is the most diverse product currently available in the market. We call it a triple threat because it performs the three essential actions - deodorizing, cleaning and disinfecting. Not only does it remove dirt and cut grease, but it also kills 99 per cent of germs while leaving a pleasant long-lasting fragrance. With the current global health crisis, effective disinfectants are essential. Not all cleaners are disinfectants, so you must make that distinction when selecting a product” explained Kurt Boothe, CEO of MDS Limited. 

Gia Abraham promoted to CEO of CAC 2000

Gia Abraham is an accomplished professional who has led at CAC since 2001. Gia Abraham is to replace Steven Marston as CEO of air conditioning company, CAC 2000, effective January 1, 2021. CAC 2000 is engaged in the sale of air conditioning equipment and installation and maintenance of such systems. Gia Abraham is an accomplished professional who has led at CAC since 2001, coming from the Canadian and Jamaican banking sector, starting as Chief Administrative Officer followed by her promotion to Chief Operating Officer in 2018,” the company said in a notice via the JSE. Abraham started the CAC Foundation that initiated a music therapy programme for children with disabilities. The foundation has also worked with JSIF and HVAC to train 71 technicians.

Derrimon launches APO, eyes US acquisitions

Derrimon Trading Company Limited is seeking to raise at least $3.5 billion from an additional public offering (APO) of shares which opens January 6, 2021. The offer of nearly 1.5 billion new ordinary shares may be upsized by up to 301.3 million additional new ordinary shares, which brings the maximum that could be raised to some $4.2 billion. The company said that proceeds of the APO will be used  for two main purposes. The first is to facilitate growth and the second is to reduce indebtedness. In respect of growth, it was stated that the company has identified two potential acquisitions in the United States. The subscription price is J$2.20 for existing shareholders or Derrimon Team Members; and J$ 2.40 for key investors, lead broker’s clients, and non-reserved applicants (general public).

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