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NCB Financial refutes report of new share acquisition offer

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NCB Financial refutes report of new share acquisition offer

NCB Financial Group Ltd. refuted a media report dated May 20 that the company would make a new offer to acquire outstanding shares in Guardian Holdings Ltd., saying no final resolution has been reached yet.

Trinidad and Tobago's securities and exchange commission recently put on hold a hearing to review NCB Financial's proposal to assume control of Guardian Holdings.

NCB Global Holdings originally made an offer Dec. 8, 2017, to acquire the shares in Guardian Holdings, which would result in the former holding up to 62% of shares in the latter.