In a press statement issued today, Fijian Holdings Ltd announced the divestments of its entire holdings in Sun Fiji News Ltd, the publishers of Fiji Sun newspaper. It was a joint venture with CJ Patel Group and Vinod Patel Group. FHL has redeemed it’s preference share holding in the company.

In making the announcement, FHL’s Managing Director Mrs Sereana Qoro advised that “The decision to divest is in line with FHL’s investment policy and based on a proper review of FHL investment’s portfolio.”  She added further, “This divestment means FHL will have only Fiji TV in the media sector.”

“The divestment will be at cost, as such there will be no loss or gain on FHL’s books. We really appreciate our joint venture partners’ contribution to date and will continue to welcome viable investment opportunities with them in the future”, said Mrs Qoro.

FHL had an investment of $500,000 in Sun Fiji News Ltd.


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