Marshall: Hilton sale could go through
Barbados Labour Party candidate for St Joseph, Dale Marshall says the sale of the Hilton Barbados Hotel is still on the cards by the Freundel Stuart government.
He says cabinet is to meet tomorrow in its last caucus before the general election, next Thursday, May 24, to push through the sale. Marshall said he has been reliably informed that this would happen despite the cancellation of the Needham’s Point Holding Limited (NPHL) shareholder’s meeting on Monday.
The former attorney general told reporters this evening at the BLP press conference at the Party’s Roebuck Street Headquarters that under Section 134 of the Companies Act, there is no requirement that approval for the sale of assets must first to be sought before any agreement for sale is entered into.
He says although the shareholders meeting has not, or will not be continuing, the directors of Needham’s Point Holdings Limited will still be able to contract for the sale of the Hilton. (ROG)