Financial outfit Proven Investments Limited has increased its stake in Knutsford Express Services Limited resulting in the bus firm becoming an associate company.
Proven Investments head Chris Williams told the Jamaica Observer on Monday that his company now holds 20 per cent of Knutsford Express.
“It is now an associate company and we are very, very happy with the leadership and their plans for developing the transportation and logistics sector. These guys are really good, solid entrepreneurs,” said Williams, chief executive officer of Proven Management Limited with responsibility for managing the operations of Proven Investments.
“Our stake in it now is about J$115 million or about US$1 million,” Williams said.
Published in the Jamaica Observer
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