US EditionMichael Lee-Chin Defiant Amid Debt Pressures, Market Turmoil at NCB Financial
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Michael Lee-Chin Defiant Amid Debt Pressures, Market Turmoil at NCB Financial
KINGSTON, Jamaica — Billionaire Michael Lee-Chin is rejecting calls to step aside as chairman of NCB Financial Group (NCBFG), insisting that market manipulation — not the fundamentals — is behind a steep fall in the bank’s share price, even as questions mount over his personal debt obligations. NCBFG shares have tumbled 57% over the past two years, hitting $28.63 last week — their lowest since the company’s 2017 listing — before rebounding 37.5%…
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