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Guardian Minority Shareholders Say Offer Not Enough, Demand Details Of 2015 ‘Lock-Up’ Agreement

Guardian Minority Shareholders Say Offer Not Enough, Demand Details Of 2015 ‘Lock-Up’ Agreement

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Minority shareholders of Guardian Holdings Ltd are calling on the company and NCB Global Holdings Ltd to disclose details of a 2015 ‘lock-up’ agreement signed between the then respective majority owners—the Lok Jack and Ahamad families, and Jamaican billionaire Michael Lee Chin. The Minority shareholders are also saying the US$174 million offer made by the majority Lee Chin-owned, Jamaica-based financial group to buy Guardian Holdings is not enough.