GuySuCo sale doubtful

-China investor hears during scouting visit

A visiting delegation, comprising former Jamaican Minister Christopher Tufton and a representative of the Sugar Company of Jamaica Limited, was recently told of the slim prospects of the local sugar corporation being sold despite its dismal fortunes during a recent meeting with the Private Sector Commission (PSC).

The Sugar Company of Jamaica Limited is a subsidiary of the China-owned Complant International Sugar Industry Co. Ltd. A source told Stabroek News that the delegation visited Guyana early this month to discuss investment opportunities.

Contacted by Stabroek News, a PSC member, who spoke on condition of anonymity, said that while the company discussed Guyana’s sugar industry, there were no talks on the local sugar corporation being sold as the private sector organisation had no authority to speak for GuySuCo. “We did meet with Chris Tufton …..To continue reading, login or subscribe now.

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