JKH, CF want more time for NTB selldown

Controlling shareholders John Keels Holdings (JKH) and Central Finance (CFIN) have requested more time from the Central Bank to shed their excess stakes in Nations Trust Bank (NTB).

JKH owns 29.9% whilst CF holds 20% in NTB whilst they were required to sell down to 15% each by 23 April 2012.

The respective companies said they have sought an extension and were awaiting a response from the Central Bank.