Sunday, April 12, 2015
Caribbean Energy director Damian Lyn (left) and fellow director Leo Williams at the solar energy site at UTech, Kingston. (PHOTO: BRYAN CUMMNGS)
NEW energy start-up, the Caribbean Energy Finance Company Limited (CEFCL), has identified some US$4.8 million from clients who have signed option agreements indicating interest in the firm’s flagship leasing product, according to its prospectus. The company launches its initial public offering (IPO) on the Junior Market of the Jamaica Stock Exchange tomorrow. At the same time, the IPO will limit the amount that can be raised to a significantly lower figure — a total of US$4.3 million or about US$500,000 less.
http://www.jamaicaobserver.com/business/New-energy-start-up-has-US-4-8m-in-signed-options_18730023
