138 Student Living APO Now Closed  

• GK Capital Management Limited, Lead Broker, has advised that the Additional Public Offering of ordinary shares in the capital of 138 Student Living Jamaica Limited was closed on October 23, 2023.
• The company is now preparing to move forward with using the funds raised to reduce a portion of its $4.2Bn debt stock. This will reduce its interest expenses, improve the bottom line and allow the company to consistently pay dividends to its shareholders.
• 138 Student Living offers long-term student accommodation in 1,464 rooms and short-term accommodation in 72 rooms at four locations on the UWI Mona Campus, under two Concession Agreements.

(Source: JSE)