LASCO Group will offer 20 per cent of its stocks to the public within the next two months, with a portion to be reserved for teachers, nurses and police.

The announcement was made at a hastily called press conference at the Spanish Court Hotel this morning.

“We will be giving our loyal customers and Jamaicans from all walks of life a chance to own shares in Lasco,” said Lascelles Chin, founder, chairman and chief executive officer of Lasco Group.

“This will be a truly historic event that underlines Lasco’s confidence in Jamaica and the customers that have loyally supported us over the years,” he noted, adding that the company will also be reserving shares for staff members, customers and retired professionals.

Chin told journalists that the decision to list on the Jamaica Stock Exchange at this time arrived from a need to improve cash flow and acquire low-cost capital to finance an agressive expansion project into new markets.

“We have been doing pretty well because our products sell very well but with expansion and increased volume, we have to watch our cash flow,” Chin noted.

Lasco has reported that it is enjoying “triple-digit growth” in local and international markets.