Banaban Voice

News and information service for Banaban Network Worldwide!

Fiji Times Online Samantha Rina Thursday, June 10, 2010

THE Banaban Trust continues to review its investment in the Momi project and is now hoping to secure partners to help it recover its $1million investment in the project.

Trust chairman Arnold Richmond said they had received verbal expressions of interest from potential investors.

"If possible, we will try to look for partners in buying out our shares in the Unit Trust of Fiji," he said.

He said they would review their investment to help them determine an evaluation.

"We want to recover as much as possible. If off-shore people come in ready with cash, it's good for the people of Fiji and the Banabans," he said.

Mr Richmond said he was unable to disclose the identities of potential investors who had shown interest in their share of Momi.

"It might be another four or five weeks before they (potential investors) are able to give us a definite answer," he said.

Mr Richmond added that the value of their property share at Momi had increased. However, he was unable to disclose this sum.

Views: 30

Comment

You need to be a member of Banaban Voice to add comments!

Join Banaban Voice

Forum

Homecoming to Banaba

Started by Christina Maree Buchanan in Banaban Issues Jun 27. 0 Replies

Slides of Banaba from the 1960's

Started by Dominic Kaukas in Banaban Issues. Last reply by Stacey King Jun 13. 1 Reply

Ken

Started by Brian Lundy in Banaban Issues May 31, 2018. 0 Replies

Events

HELP RABI WOMEN IN FIJI

Help Rabi Women's Organisation in Fiji by purchasing RABI HANDMADE VIRGIN COCONUT OIL locally in Suva, Fiji

Contact

Terikano

for more details

Badge

Loading…

Radio Links

Bwanan Rabi Radio

(10pm Fiji Time 1&2nd Monday each month)

Live Broadcast

© 2019   Created by Stacey King.   Powered by

Badges  |  Report an Issue  |  Terms of Service