In a press statement issued today, Fijian Holdings Ltd announced the divestment of its entire holdings in FHL Technologies Ltd, which is trading as Clariti South Pacific Ltd. It was a joint venture with Vinod Patel Group and Fijian Holdings Unit Trust. Clariti has the master franchise for HP Warranty for Fiji and the South Pacific.

FHL acquired Clariti in 2005 and a year later merged with the Fiji Branch of HP Australia. The new purchaser is Extreme Business Solutions (Fiji) Ltd.

“The decision to divest is in line with FHL’s investment policy and based on a proper review of FHL investment portfolio” says Sereana Qoro, Managing Director of FHL. She added further “This divestment means, FHL would absorb a loss of $1.15million in order to clear what has been a non-performing investment from its portfolio.”


“FHL will continue to look for investment opportunities with real growth potential together with the ability to generate cash dividend from day one. We really appreciate our joint venture partner’s contribution to date and will continue to welcome investment opportunities with them in the future” said Mrs. Qoro.


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