About Panasian Power Limited
The Panasian Power Limited is a subsidiary of Power Hub International sdn bhd, and sub subsidiary of the Majulia sdn bhd. The Primary objective of the share issue is to settle payment to Power Hub International Sdn.Bhd [PHI].
Panasian Power Limited was incorporated on 22nd April 2002. The principle business of Panasian power limited is Supplies the Energy generated to the Ceylon Electricity Board [CEB] currently operates of 2.0MW Mini Hydropower plant situated in Ratnapura district. The new acquisition of MHPL is capacity of 2.4MW located at Walapane in Nuwara Eliya district.
Initial Public Offering – IPO
Panasian power limited is issuing 200 Million Ordinary Voting Shares at 3.00 per each. The total issue is worth about LKR 600 Million. From the 200 Million Ordinary Voting Shares, 30 Million [15 %] Ordinary Voting Shares offer to the Directors and Employees of Majulia Group of Companies.
Investors can collect the prospectus and application forms at all the stock brokers and Sampath bank branches.
The Investors are instructed a minimum subscription should be 1000 shares and the excess subscription should be multiples of 1000 shares.
It’s opening for Initial Public offering from December 7, 2010. Closing date of December 27, 2010 or a day which issues became oversubscribed.
The Prospectus and Application Form is available in Colombo Stock Exchange website
Colombo Stock Exchange : – http://www.cse.lk/welcome.htm
Prospectus : – http://www.cse.lk/270808/pdf/PPL-prospectus.pdf
Application Form : – http://www.cse.lk/270808/pdf/PPL-application%20.pdf