Kintyre seeks additional US$500,000 to fund growth

Kintyre Holdings, the Junior Market company, aims to raise US$500,000 in private equity funding to finance operations. Earning nearly three-quarters of a billion dollars in profit over six months has not solved its cash crunch. Much of the half-year earnings amounted to “paper profit” from property revaluations and acquisition gains, Chairman and CEO Tyrone Wilson acknowledged in a Financial Gleaner interview. “We have all the infrastructure already,” Wilson said. “But we need working capital now.”