Taking Stock LIVE - Jam Teas Spinoff Coming?
Shareholders of Jamaican Teas are to consider a spin off of the company's manufacturing business. The decision is set for an Extraordinary General Meeting on October 27. The new company would potentially do an IPO list on the Jamaica Stock Exchange. Since the announcement, JamTeas stock price has gained nearly 20 percent. We'll discuss with Chairman of Jamaican Teas, John Jackson. And we'll also ask him about another company he chairs, QWI Investments. They're finally turning things around, with a net profit increase of J$334 mil for the 9 months ending June 2021 compared to a net loss of…
The skinny
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