Thursday, February 22, 2018

More takeover details needed*

GHL shareholders upset by NCB offer...


Minority shareholders of Guardian Holdings Ltd (GHL) are calling on GHL and NCB Global Holdings Ltd to disclose a 2015 ‘lock-up’ agreement signed between the then respective majority owners—the Lok Jack and Ahamad families (GHL), and Jamaican billionaire Michael Lee Chin (NCB)—pertinent to the sale of a majority stake in GHL to NCB.
NH International chairman Emile Elias, retired stockbroker Winston Padmore, share and policyholder Gordon Laughlin and minority shareholder rights activist Peter Permell are also saying the US$174 million offer made by the majority Lee Chin-owned, Jamaica-based financial group to buy the Westmoorings-based financial group is not enough. 

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