Express Business Filler #1

The public is being given an opportunity to invest in local real estate.

Endeavour Holdings Ltd (EHL) yesterday launched an initial public offering aimed at raised approximately $18 million.

The IPO opened yesterday and will close on November 15 at 4 p.m.

Through the IPO, EHL will offer 1,439,744 ordinary shares at a price of $12.50 per share.

EHL is hoping to be listed on the T&T Stock Exchange’s Small and Medium Sized Enterprise (SME) market.

CinemaOne Ltd, which operates IMAX Trinidad and Gemstone, is currently the only company listed on the SME market.

“The purpose of the IPO of EHL is to provide an opportunity for broader participation in ownership of commercial real estate in Trinidad and Tobago and to improve the liquidity of the shares of the Company,” the company stated in its prospectus, available on the T&T Stock Exchange website.


Royal Bank of Canada is committing Can$150 million (US$111 million) to racial diversity initiatives and aims to increase the proportion of non-white executives hired to 30 per cent from 20 per cent, Canada’s biggest lender said last week.

Mabe, through Unicomer (Trini­dad) Ltd donated five aeroboxes to the Tobago Regional Health Authority on Friday at the Scarborough General Hospital.

Dr Victor Wheeler, acting medical chief of staff, received the donation from Unicomer’s regional manager of Tobago Operations, Shaun Aleong.

OPPOSITION Leader Kamla Persad-Bissessar is promising to reopen the Petrotrin refinery at Pointe-a-Pierre, even as she blames the ruling People’s National Movement administration for the closure of several operations on the Point Lisas Industrial Estate.

Prime Minister Dr Keith Rowley has told members of the Community Recovery Committee that in the context of addressing the problems of at-risk urban communities, it would encompass the problem of the Afro-Trinidadians who make up the bulk of the people in these specific communities.