The assets of timber company, Caribbean Resources Limited (CRL) which had been in liquidation since the 2009 upheaval in its T&T-based parent group, CL Financial was sold to Muneshwer’s Limited for US$20m last year, sources say.
The sale of CRL’s 25-acre property at Houston on the East Bank of Demerara was advertised in July of 2013 and concluded in August of last year with the Water Street-based hardware company. There was no public announcement of the sale.
Muneshwer’s Managing Director, Amarnauth Muneshwer, declined to comment on the
