PHILIPSBURG: --- Information reaching SMN News states that the Council of Ministers passed a resolution last week in their weekly meeting to fire the Supervisory Board Members of PJIAE Holding Company and to dissolve PJAIE Holding Company thereafter.
The source said that the intention of the Council of Minister is to sell or turn over shares to the Dutch Government in exchange for the loans they are seeking.
SMN News further understands that the strategy was used at the St. Maarten Harbor Group of Companies in 1998 when the Harbor was looking for finances to construct the AC
To read more: http://www.smn-news.com/st-maarten-st-martin-news/31466-exclusive-council-of-ministers-passes-resolution-to-dissolve-pjiae-holding-and-give-shares-to-the-dutch.html
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EXCLUSIVE: Council of Ministers passes resolution to dissolve PJIAE Holding and give shares to the Dutch. | SMN News
March 17, 2019
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