Wednesday, February 21, 2018

Key NCB director resigns* middle of GHL takeover bid

amid controversy: Wayne Chen

A senior director at NCB Financial Group (NCBFG) has resigned from the Jamaican company’s board in the midst of its controversial US$400 million attempt to take control of Trinidadian insurance company Guardian Holdings.
The NCBFG notice announcing the resignation of Wayne Chen — who is the half-brother of NCBFG’s chairman Michael Lee Chin — was posted on the website of the Jamaican stock exchange on Monday night, just four days before the annual meeting of NCBFG, which is scheduled to be held in New Kingston, Jamaica tomorrow.

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