Lee-Chin Hails NCB’s APO as a ‘Win-Win’

Chairman of NCB Financial Group, Michael Lee-Chin, is describing the entity’s additional public offering, APO, as a win-win investment opportunity.

The NCB Financial Group is seeking to raise about $5.1 billion via the APO.

The company published the prospectus last Thursday and revealed that the offer will open on May 6, and should run until May 27.

Mr. Lee-Chin says the APO presents significant opportunities.

Mr. Lee Chin says it’s noteworthy that NCB, under his leadership has a track record of creating wealth.

Meanwhile, the NCB Chairman says the APO is open to every Jamaican.

Michael Lee-Chin, NCBFG Chairman.

NCBFG says 78.5 million new ordinary shares will be on offer, with the option to upsize to 117.8 million shares. The general pool of shares will be sold at $65 each.