Merchant Finance is in the process of restructuring their company and changing the way it conducts business before being listed on the stock exchange in the first quarter of next year.
Speaking at the launch of the company's new logo, Deputy Chairman of Merchant Finance, Nouzab Fareed says the company had gone through some tough times but are in a better place now as there has been total change in management and its processes and are now ready to take the next step.
He says the company had been using its parent company ‑ Fijian Holdings Limited's logo but the company must now be independent and not be tethered to its parents.
Fareed says the company contributes 25% towards the total profit of Fijian Holding Limited.
He adds the company is looking to expand its business to other Pacific Island Countries such as the Solomon Islands in its bid to become the largest finance provider in the Pacific.
Meanwhile, the Minister for Finance, Aiyaz Sayed-Khaiyum says companies like Merchant Finance needs to boost the confidence of investors.
He says companies such as these are forward thinking and will play an important role in the face of an imminent global recession.
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