Subject
Business
Description
Michael Lee Chin is close to a deal to sell a company, in whole or part, from among his prized Caribbean investment portfolio, to help AIC Barbados Limited pay off an estimated US$170 million, or around J$15 billion in principal and interest on maturing promissory notes being held by Jamaican investors. AIC Barbados has asked for more time to pay off the debt, which Lee Chin has promised to do by June.
Creator
Huntley Medley
Source
http://jamaica-gleaner.mobi/20090401/business/business1.php
Publisher
File
