Though trading of Ascot Holdings PLC shares was suspended this morning due to a discrepancy in the notice issued to the Colombo Stock Exchange (CSE), trading has resumed again by now. A CSE spokesman told adaderanabiz.lk that trading resumed since the discrepancy had been rectified. Meanwhile, Ascot Holdings PLC states that it is to issue…
Palm Gardens Hotels PLC is to offer a Rights Issue of 32,450,250 ordinary shares at Rs. 55.00 each in the proportion of 03 ordinary shares for every existing ordinary share as at the relevant date. The current stated capital of Palm Gardens Hotels PLC is Rs. 651,327,020 represented by 10,816,750 ordinary shares. The proceeds of…
The Bondi Beach house that the young James Packer built as his first home in the mid-1990s, has sold. The vendors, the New York-based Lochtenberg family, accepted $7 million for the trophy home. It had been most recently listed through McGrath agent Bethwyn Richards, and was sold by Peter O’Malley of Harris Partners Real Estate. When…
Colombo equities ended with mixed returns on Tuesday as main index marginally gained 4.98 points (+0.07%) to close at 6,947.90 whereas S&P SL 20 index lost 1.02 points (-0.03%) to close at 3,817.52. All share price index swung to the negative territory where it dropped to 6,903.38 in the morning session but managed to close…
Colombo bourse started its weekly operations on an optimistic note as both indices managed to maintain the momentum gained on last week. Core index gained 24.69 index points or 0.36% to end at 6,942.92 while 20-scrip S&P SL index expanded by 16.67 index points (+0.44%) to close at 3,818.54. Price inclines in equities such as…
Maintains growth momentum Hayleys PLC, one of Sri Lanka’s leading conglomerates, in a filing to the Colombo Stock Exchange, reported sustained performance in 1Q of 2014/15. The Group maintained growth momentum to achieve a revenue growth of 17% amounting to Rs. 22.6 Bn in value terms. It was also noteworthy that all sectors in the…
Having considered the circumstances surrounding the divesture of the entire stake of 31% of PC Pharma PLC by Adams Investments PLC on 07 August 2014 even while its mandatory offer was pending for its purchase, the Securities and Exchange Commission of Sri Lanka (SEC) decided to cancel the said trade for the protection of investors….
The TKS Group announced that it had completedthe integration of two of its finance sector holdings, TKS Finance Limited and Asian Finance Limited. The merger was initiated with the approval of the Boards of Directors and shareholders of both companies and the Central Bank of Sri Lanka (CBSL) in June this year. This is one…
PCH Holdings PLC chairman S.H.M. Rishan clarifies that Bieco Link Carbons (Pvt) Ltd has ceased to be a company of the PCH Holdings Group since the Group had sold 100% of its shareholding of Bieco Link Carbons to MMD Venture Lanka (Pvt) Ltd on 02 July 2014. Furthermore, the disclosure made by the mandatory offer…
Further to Friday’s announcement by Cargills Bank Limited of a mandatory offer to purchase all the remaining ordinary shares of Capital Alliance Finance PLC, Cargills Bank purchased a further 11,499 ordinary voting shares of Capital Alliance Finance at Rs. 15.40 and 926 shares at Rs. 15.50 aggregating to 12,425 shares, which is approximately 0.03 percent…
Video Story
