ANSA MCAL HAS lit a fire under Banks Holdings Limited (BHL) securing a late evening High Court injunction to immediately block all trading of BHL shares.
The development came hours after the Trinidadian conglomerate demanded the immediate resignation of the entire BHL board headed by businessman Anthony King.
Chief Justice Marston Gibson granted the injunction that stopped BHL from trading any more shares on the Barbados Stock Exchange or otherwise until November 11. It means no one can “solicit or negotiate the purchase or sale of BHL shares”.
The injunction will also allow ANSA McAL (Barbados) Limited to fight the agreement made between BHL and SLU Beverages in the interest of all shareholders. (GE)
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