Guardian headquarters in Trinidad

In the most recently published financials, the NCB Financial Group Ltd (NCB) indicates that it has considered acquiring a controlling stake in Guardian Holdings Ltd (GHL), but has put that on hold for now.

Meanwhile, the corporation indicates that control over its latest acquisition has been achieved in all but shareholding.

As is stated in notes attached, the result for the year ending September 2016, published on the Jamaica Stock Exchange’s website recently, “significant influence by group over GHL has been established through representation on its board of directors by members of the board of NCBFG, who include members of the Bank’s management team”.

NCB Chairman Michael Lee Chin, Group Managing Director Patrick Hylton, and group finance head and Deputy Managing Director Dennis Cohen were added as directors of GHL on August 5.

http://www.jamaicaobserver.com/business/NCB-puts-Guardian-takeover-on-hold-for-now_83011