Asiri Hospital Holdings PLC announces Dividend for 2014/2015

Asiri Hospital Holdings PLC announce to Colombo Stock Exchange that the company is proposed to offer Dividend for financial Year of 2014/2015

  • Company ID: – ASIR
  • Date of Announcement: – 09.Mar.2015
  • Dividend per Share: – Rs. 0.50 per share (Rs. 0.33 is tax free – i.e. paid out of dividends received) / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 18.Mar.2015
  • Payment: – 27.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Trans Asia Hotels PLC announces Dividend for 2014

Trans Asia Hotels PLC announce to Colombo Stock Exchange that the company is proposed to offer Dividend for 2014

  • Company ID: – TRAN
  • Date of Announcement: – 09.Mar.2015
  • Dividend per Share: – Rs. 1.50 per share / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 18.Mar.2015
  • Payment: – 27.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Sanasa Development Bank PLC announces Cash and Scrip Dividend for 2014

Cash Dividend

  • Date of Announcement:- 10.Mar.2015
  • Rate of Dividend: – Rs. 2.50 per share (Subject to Dividend Tax of 10%) / Final Dividend
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • Dates to be notified

 

Scrip Dividend

  • Date of Announcement: – 10.Mar.2015
  • Proportion: – One (01) share for every 15.080 existing shares held
  • Qty Offered: – 2,504,177
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • Share Transfer Book Open
  • Dates to be notified

For more details visit www.cse.lk

Lanka Aluminium Industries PLC announces Dividend for 2014/2015

Lanka Aluminium Industries PLC announces Dividend for 2014/2015 at Colombo Stock Exchange last week,

  • Company ID: – LALU
  • Date of Announcement: – 10.Mar.2015
  • Dividend per Share: – Rs. 1.50 per share / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 19.Mar.2015
  • Payment: – 30.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

 

Commercial Bank of Ceylon PLC announces a Cash Dividend and Scrip Dividend

Commercial Bank of Ceylon PLC announces a Cash Dividend and Scrip Dividend to Colombo stock exchange on last week,

Cash Dividend

  • Date of Initial Announcement:- 23.Feb.2015
  • Rate of Dividend:- Rs.2.00 per share (Voting & Non-voting) / Final Dividend
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • AGM:- 31.Mar.2015
  • XD:- 01.Apr.2015
  • Payment: – 10.Apr.2015
  • Share Transfer Book Open

 

Scrip Dividend

  • Date of Initial Announcement: – 23.Feb.2015
  • Proportion: – Voting – One (01) share for 99.888889 shares
  • Non-voting – One (01) share for 77.222222 shares
  • Qty Offered: – Voting – 8,114,083
  • Non-voting – 719,740
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • AGM:- 31.Mar.2015
  • XD:-01.Apr.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Overseas Realty (Ceylon) PLC announces Dividend for 2014

Overseas Realty (Ceylon) PLC announces Dividend for 2014 in Colombo Stock Exchange on 11th March 2015.

  • Company ID: – OSEA
  • Date of Announcement: – 11.Mar.2015
  • Dividend per Share: – Rs. 0.50 per share / Second Final Dividend
  • Financial Year: – 2014
  • Shareholder Approval: – Required
  • AGM: – 06.May.2015
  • XD: – 07.May.2015
  • Payment: – 15.May.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Asian Hotels and Properties PLC announces Dividend for 2014/2015

Asian Hotels and Properties PLC announces Dividend for 2014/2015 at Colombo Stock Exchange on March 11, 2015.

  • Company ID: – AHPL
  • Date of Announcement: – 11.Mar.2015
  • Dividend per Share: – Rs. 1.00 per share / Interim Dividend
  • Financial Year: – 2014/2015
  • XD: – 20.Mar.2015
  • Payment: – 31.Mar.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Hemas Holdings announces Rights Issue of 1 for 9

Hemas Holdings PLC announces their Right issues to Colombo Stock Exchange last week,

  • Company ID: – HHL
  • Date of Initial Announcement: – 20.Feb.2015
  • Proportion: – One (01) new ordinary share for every Nine (09) existing ordinary shares held
  • Issue Price: – Rs. 72 /-
  • Qty Offered: – 57,254,513
  • General Meeting / Provisional Allotment: – 10.Apr.2015
  • Date EX: – 15.Apr.2015
  • Dispatch of Provisional Letter of Allotment: – 21.Apr.2015
  • Trading Commences on: – 27.Apr.2015
  • Renunciation: – 06.May.2015
  • Last Date of Acceptance & Payment: – 07.May.2015
  • Share Transfer Book Open

For more details visit www.cse.lk

Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014

Candor Asset Management (Private) Limited announces a dividend of Rs. 1.00 per unit to the Unit Holders of Amana – Candor Shariah Balanced Fund whose names appear in the unit holder register as at 10th March 201 5.

Candor Asset Management (Private) Limited and the Shariah Supervisory Council of Amana Capital Limited hereby inform all Unit Holders of Amana – Candor Shariah Balanced Fund that the declared dividend of Rs. 1.00 per unit has been purified for non Shariah compliant income.

The following disclosure is made in respect of this dividend distribution

Dividend per unit Rs. 1.00
Net Asset Value per unit before the dividend Rs. 1.74/-
Net Asset Value per unit after the dividend Rs. 10.74
Dividend declaration date 10th March 2015
XD date: 11th March 2015
Payment date: 11th March 2015

 

For more details see below image for more details or contact to Candor Asset Management (Pvt) Ltd

Level 8, South Wing Millennium House, 46/58, Nawam Mawalha, Colombo 02

Tel: 011 2359 100

Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014
Amana- Candor Shariah Balanced Fund – Annual Dividend for Year end 2014

Ratmalana Airport to be used for more civilian transportation related to tourism

The government has drawn attention to utilize Ratmalana airport for inland civil passenger transportation. Ports Shipping and Aviation Minister Aijuna Ranatunga said.

The government will look into possibilities to carry out inland passenger transportation from Ratmalana airport as far as such activities do not affect the national security, Under this, flights will be operated to inland destinations such as the North and East. South and a few other tourist destinations.

Aviation authority has already discussed to conduct flights to tourist destinations with inland tour and airline operators. However, priority will definitely be given to the national security since it is above all other activities.

Bank of Ceylon Branch to be open in Bangalore in India

Bank of Ceylon is planning to open their second overseas branch in India this year. This will be in Bangalore. The Bank also opened a branch in Seychelles last year. In addition to the local presence, the bank maintains an off-shore banking units in Male, London and Chennai.

Senior banker and BOC General Manager, D M Gunasekara said that overseas branches are highly profitable. The Male branch has gave us a Rs. one billion profit while the Chennai branch which was in existent for over 10 years made a profit in the excess of Rs. 500 million.

Locally the bank has a network of 618 branches, and 534 automated teller machines (ATMs).

Government to develop a new national policy for tourism industry

Plans are under way to prepare a new national policy for the tourism industry in Sri Lanka, Tourism and Sports Minister Navin Dissanayake said.

Dissanayake said it has been decided to introduce a three year strategic plan related to the new national policy on tourism.

We decided to introduce a new national policy for the tourism industry with the aim of developing the Sri Lankan economy and living standards of the people. We hope to obtain the assistance of all for the success of this. And he said arrangements are being made to launch a special program to grant benefits for people in villages in line with the new policy. Creating new employment opportunities for Sri Lankan youth and making more spaces for village level persons to increase their earnings are the main objectives of this new national policy which is to be introduced to the Sri Lankan tourism industry.

Central Bank News Alerts on mobile for Dialog Customers

If you’re a dialog customer Type “REG CBSL” Send to 77000 to subscribe to the SMS news Alerts on the Daily Exchange Rates, Sri Lanka Interbank Offered Rates, Open Market Operations, Treasury Bill and Treasury Bond auction, Inflation and Monetary Policy Review issued by the Central Bank of Sri Lanka. Charges: Monthly 30 Rs +Tax

New Board of Directors for the Lanka Hospitals Corporation PLC

Lanka Hospitals Corporation PLC announces their new Directors appointed to the Board of The Lanka Hospitals Corporation PLC, effective from 3rd March 2015.

  • Sarath Paranavitane as an Independent Non Executive Director and the Chairman of the Company
  • Damien Fernando as an Independent Non Executive Director
  • Dilani Lokuhetty as an Independent Non Executive Director
  • Rohan L Wijesundera as an Independent Non Executive Director

Malaysia Keen on Bidding for Northern Highway of Sri Lanka on Build Operate & Transfer Basis

Dato’ Seri S. Samy Vellu who is the Senior-Ministerial ranked Malaysia’s Special Envoy of Infrastructure for India and South Asia attached to the Prime Minister’s Office  have stated that Malaysia is willing  to bidding for the Northern Highway on a Build Operate & Transfer (BOT) basis. We want to do a good job if we get it. Even on the 1,100 Km Kuala Lumpur highway there were only a few vehicles at first but now a million vehicles are passing through every day.

Central Bank of Sri Lanka waiting for right time to rise up to US $1.5billion bond

Sri Lanka Central Bank Governor Arjuna Mahendran said to news that the Sri Lanka is waiting for the right time to launch a sovereign bond of up to US $1.5 billion, possibly with a longer tenure to roll over its debts in 2015.

The island nation’s last sovereign bond of US $500 million was priced at a yield of 5.125 percent in April 2014. And Now that inflation is coming down, I see no reason why we won’t get a better rate of interest, Mahendran told media.

Governor stated that we want to wait for an opportune moment. When that volatility decreases then we will be able to get the best possible rate for our borrowing and we will definitely go for a longer tenure, may be even a 20-year or 30-year is something to look for. We don’t want to increase the interest rate burden of the country.

News

Hayleys PLC debentures Allotments

Hayleys PLC announces to Colombo Stock Exchange that the Board of Directors of Hayleys PLC has decided to allot the subject Debentures on the following basis in respect of all valid applications:

Number of Debentures Applied Basis of Allotment
Type A
Applications up to and including 2,000,000 Debentures (i.e. up to and including LKR 200,000,000/-) 100% of the Debentures applied
Applications over 2,000,000 Debentures (i.e. over LKR 200,000,000/-) 2,000,000 Debentures pluss 43.92% of the Debentures applied over and above 2,000,000 Debentures rounded to the nearest 100 Debentures
Type B 100% of the Debentures applied

Renuka Agri Foods PLC Invest Rs. 609 Million on Renuka Organics (Pvt) Ltd

Renuka Agri Foods PLC  inform to Colombo Stock Exchange that the company has invested in 4,350,000 Ordinary Shares of its fully owned Subsidiary Renuka Organics (Pvt) Ltd of No. 69, Sri Jinaratana Road, Colombo 2, at Rs 140/= per share to a value of Rs 609,000,000/= on 27th February 2015. Renuka Organics (Pvt) Ltd is engaged in manufacturing and marketing certified organic agriculture products. Its subsidiary is engaged in plantations. The company will invest in plantations and other vertical integration projects to improve the supply chain.

Colombo Stock Exchange open its Social Media engagement in Face book and Linked in

The Colombo Stock Exchange (CSE) today announced the launch of Facebook and LinkedIn Pages to ensure greater engagement with stakeholders through social media channels, in its endeavour to broad base investment amongst the masses.

Facebook Link: https://www.facebook.com/cseonline2014

LinkedIn Link: http://www.linkedin.com/company/colombo-stock-exchange

The Facebook Page intends on reaching retail investors and students who are eager to receive information on upcoming awareness programmes and informational snippets on investing in the Stock Market.

Correspondingly, the LinkedIn page seeks to engage professionals by providing them information on the Sri Lankan Capital Market; furthermore it is seen as a medium of attracting new talent to the industry.

These ventures into social media, follows the CSE’s launch of a twitter handle in 2014 and a Mobile Application in 2013, both of which have seen a resounding response from those eager for up-to-date market information. The Facebook and LinkedIn pages hope to provide a broader overview of the professional opportunities, educational and awareness programmes to be conducted by the CSE.

“It is vital that investment is broad-based and retail investors both within and outside of Colombo have the familiarity necessary to trade in shares. Social Media, especially Facebook, has a high rate of proliferation amongst the urban and rural demographics therefore this is an easily accessible method of reaching out to the masses,” Chairman of the CSE Mr. Vajira Kulatilaka said.

“We believe in attracting well trained and experienced personnel, in order to serve the interests of the Sri Lankan Capital Market and the industry as a whole. LinkedIn being a specialised medium for professionals is therefore an ideal avenue through which we are able to attract talent. Furthermore we see LinkedIn as a viable platform for keeping professional groups informed of the various educational activities we conduct,” CEO of the CSE Mr. Rajeeva Bandaranaike said.

The CSE hopes its social media and web presence will facilitate engagement between investors and the educational and informational functions of the CSE to ensure a vibrant retail market with well-educated investors.

Facebook Link: https://www.facebook.com/cseonline2014

LinkedIn Link: http://www.linkedin.com/company/colombo-stock-exchange

 

DFCC Vardhana Bank PLC Dividend Announcement

DFCC Vardhana Bank PLC announce their Dividend on 2nd March 2015 at Colombo Stock Exchange with below statement,

This is to inform you that the Board of Directors of DFCC Vardhana Bank PLC (the Bank) decided, at the Board meeting held on 27th February 2015, to propose a first and final dividend of Rs 0.90 (90 cents) per share on the ordinary shares of the Bank for approval of the shareholders at the AGM to be held on 29th April 2015. The details relating to the dividend proposed by the Board are given below:

Financial Year:   2014

Rate of Dividend: Rs. 0.90 per share / First and Final Dividend

Date of AGM:    29th April 2015

XD from:              30th April 2015

Payment:            8th May 2015

Share Transfer Book: Share Transfer Book will be kept open

 

Hayleys PLC issue of 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 100/. Each

Hayleys PLC announced to Colombo Stock Exchange about their 20,000,000 senior, unsecured, listed, redeemable, rated debentures of LKR 1000/- Each details of payments received by way of Bank Guarantees, RTGS transfers, Bank Drafts and Cheques relating to the above prior to the rejection of applications:

 

TYPE A

Payments made by Bank Drafts and Cheques

  • For 100,300 debentures for Rs. 10,030,000/-
  • 04 Applications

Payments made by Bank Guarantees

  • 6,000,000 debentures for Rs.600,000,000/-
  • 02 Application

 

TYPEB

Payments made by Bank Drafts and Cheques

  • 21,300 debentures for Rs.2,130,000/-
  • 06 Applications

Payments made by Bank Guarantees

  • 8,000,000 debentures for Rs.800,000,000/-
  • 01 Application

Payments made by RTGS Transfers

  • 7,000,000 debentures for Rs.700,000,000/-
  • 02 Application

 

Marawila Resorts PLC Rights Issues for 122,500,000 Shares for 1:1

Marawila Resorts PLC announced to Colombo Stock Exchange that the Board of Directors of Marawila Resorts PLC at a meeting held this evening resolved to issue 122,500,000 Ordinary Shares at a price of Rs.3/- per share by way of a Rights Issue in the proportion of One (01) new Ordinary Share for every existing issued Ordinary Share, subject to approval by the Shareholders, Further the Board of Directors have resolved that, in their opinion, the consideration for which the shares to be issued is fair and reasonable to the entity and all existing shareholders.

The purpose of the issue is to settle the interest bearing borrowings of the Company,

The Stated Capital of the Company is Rs, 1,001,000,000/-,

The Rights Issue of Shares will not be underwritten.

Further, the Rights Issue is subject to the Exchange approving, in principle, the issue and listing of shares and obtaining Shareholder approval at an Extraordinary General Meeting

Browns Investments PLC Acquired fully (95%) of FLC Joint Venture Company (Pvt) Ltd

Browns Investments PLC announced to Colombo Stock Exchange that that Browns Investments PLC has acquired 50,000,000 shares of F L C Joint Venture Company (Pvt) Ltd, which is 50% of the stated capital of the Company, from Perpetual Holdings Limited on 03rd March 2015 for a consideration of a sum of Rs. 651,200,000/-.

FLC Joint Venture Company (Pvt) Ltd was a joint venture between Browns Investment PLC and a Perpetual Holdings Limited. FLC Joint Venture Company (Pvt) Ltd holds 747,600,000 shares amounting to 54.65% in FLC Holdings PLC.

Subsequent to the said acquisition Browns Investments PLC will be the sole shareholder of F L C Joint Venture Company (Pvt) Ltd,

Hemas Going for Right Issues of 57,254,513 ordinary shares (1:9)

Hemas Holding PLC announced to the Colombo Stock Exchange that the company is proposed to issue of 57,254,513 ordinary shares by way of a 1 for 9 rights Issue.

The statement stated “We wish to inform you that the Board of HHL has received a written statement from the major shareholders of HHL namely Messrs. A Z Holdings (Private) Limited, Messrs. Saraz Investments (Private) Limited, Messrs. Blueberry Investments (Private) Limited, Amagroup (Private) Limited, Mr. Murtaza Esufally, Mr. Husein Esufally Mr. Imtiaz Esufally and Mr. Abbas Esufally. The major shareholders, have informed HHL that they have received strong expressions of interest from reputed international institutional investors and domestic investors who want to become shareholders of the company or to increase their existing shareholding in the company, in order to accommodate this interest the major shareholders have decided not to subscribe for their rights, enabling these interested parties to become shareholders or increase their shareholding in HHL, with the objective of further broad basing the ownership of the Company and increasing the historically poor liquidity of the HHL share.

The major shareholders have assured the Board that they will remain fully committed to the ongoing success of HHL and that they consider this rights issue as an important step in expanding the capital base of the business and providing the funds for the growth plans of HHL

 

John Keells Holdings PLC Terminates Fitch Ratings for John Keells Holdings

John Keells Holdings PLC stated to the Colombo Stock Exchange that the Company has informed Fitch Ratings Lanka Limited (“Fitch”) that it wishes to terminate its Mandate with effect from 27 March 2015.

The Company believes that a local rating is not warranted at this juncture of time considering the Company’s current debt funding sources which are predominantly in foreign currency. However, if and when the need arises, the Company will consider obtaining an international credit rating.

First Capital Treasuries Limited Debenture Issue – Listed Today

Colombo Stock Exchange (CSE) announces that they were listed the First Capital Treasuries Limited Debenture Issue from today 3rd march 2015.

The debentures are Five Year Fixed Rate Debentures (9.50%) payable annually.

Bieco Link Carbons [Pvt) Ltd Becomes Adam Carbons (Pvt] Ltd

PCH Holding announce to CSE that the Bieco Link Carbons [Pvt) Ltd a fully owned subsidiary of PCH Holdings PLC is renamed and branded as “Adam Carbons (Pvt] Ltd” with effect from 18th February 2015.

Adam Carbons (Pvt) Ltd is a world-class manufacturer of granular and powdered activated carbon since 1989 and the only coconut shell activated carbon manufacturer in Sri Lanka, which is using both vertical and rotary kiln technologies, in steam activation process.

We submit herewith a copy of the certificate of incorporation issued by the Register General of Companies in terms of Section 8 (3) (b) of the Companies Act, No.7 of 2007, dated 18th February 2015 with the name duly changed.

 

USD 5 billion from IMF to pay off Chinese loans

The Sri Lankan government will approach global lenders including the World Hank and the International Monetary Fund (IMF) to borrow from them to the tune of US $ five billion to restructure expensive loans, obtained from China, by the previous regime for infrastructure development projects in the country.

According to Reuters, the Central Bank Governor has said that the country had borrowed more than US $ 6 billion, mainly from China, for a massive infrastructure drive under the Rajapaksa government at the end of a 26-year civil war which ended in May 2009.  The new government, under the leadership of Maithripala Sirisena has already ordered a review on all projects initiated by the previous government.

The new government claims that the Rajapaksa administration had to borrow money, on unfavourable terms and the Rajapaksa government agreed in respect of some public projects without following the proper tender procedures.

“We have to look at what options are available in the agreements and we should try and reduce the high borrowing cost, obviously with longer-term low cost borrowing,” Reuters had reported quoting Deputy Minister for Policy Planning and Economic Affairs Marsha de Silva.