Colombo Stock Exchange Trade Summary – 26th February 2015

Colombo Stock Exchange (CSE) publish their trade summery for the 26th February 2015, see below key information of Colombo Stock Exchange Trade Summary, or click below link for details Colombo Stock Exchange Trade Summary published by Colombo Stock Exchange (CSE)

Price Indices Today Previous Day
All Share Price Index (ASPI) 7,317.44 7304.61
S&P Sri Lanka 20 Index 4,122.28 4,119.22
Turn over

1,379,861,400.90

Share Volume

31,389,359

 

Click Here to see details Colombo Stock Exchange Trade Summary of 25th February 2015

 

 

AIA Insurance Lanka PLC Scrip Dividend – 1:40 Ordinary Shares

CSE announced that the 749,370 ordinary voting shares were listed with effect from 9th February 2015, pursuant to a Scrip Dividend in the proportion of 1:40 ordinary voting shares.

Textured Jersey Lanka PLC going to acquire Ocean India (Pvt) Ltd and Quenby Lanka Prints (Pvt) Ltd

The Board of Directors of Textured Jersey Lanka PLC (‘TJL’) has decided to initiate an independent valuation and due diligence study for the purpose of looking at the feasibility of acquiring controlling stakes in Ocean India (Pvt) Ltd (‘Ocean India’) and Quenby Lanka Prints (Pvt) Ltd (‘Quenby Lanka’). This is in pursuance of TJL’s on-going regional expansion and capability enhancement strategy. The decision to proceed with the acquisitions will be subject to findings of the study and the ensuing negotiations between all parties concerned.

Brandix Lanka Limited a 30% equity holder in TJL also has equity stakes in both Ocean India and Quenby Lanka. In this context a board subcommittee consisting of the Chairman of TJL-Mr. Bill Lam, two Independent Directors, namely Mr. Amitha Gooneratne and Prof. Malik Ranasinghe, and the Managing Director- Sriyan de Silva Wijeyeratne, have been appointed to oversee the progress of the transaction. The independent valuation will be conducted by M/s Ernst and Young, Chartered Accountants. Upon the conclusion of the study, if an agreement between all parties is successfully reached, further details including consideration and payment method will be disclosed to the market. The completion of the transaction is also subject to approvals from the Board of Investment of Sri Lanka and the shareholders.

Ocean India is a Knit Fabric manufacturer based in Visakhapatnam, India. TJL currently has a technical services agreement with Ocean India that has allowed TJL’s management to familiarize itself with the operations of Ocean India since October 2013.

Quenby Lanka is a leading Fabric Printer based in Sri Lanka. Quenby Lanka is currently a strategic vendor to TJL and is located in the Seethawaka International Industrial Park in very close proximity to the TJL production facility. As a strategically located vendor, over the years Quenby Lanka has developed a strong working relationship with TJL.

Provided the decision is made to proceed with the two acquisitions, the strong working relationships already established, should help speed up the business integration process and potentially launch TJL to the next level of solution provision, innovation, and regional growth, thereby adding significant long-term value to its shareholders and reinforcing its leadership stature within the fabric industry.

IFC Completes Subscription of Shares in Cargills Foods Company (Privates Limited. Subsidiary of Cargills (Ceylon) PLC

The following announcement is made in accordance with Section 8.1 of the Listing Rules of the Colombo Stock Exchange By Cargills (Ceylon) PLC on 13th February 2015.

Further to the disclosure dated 25 August 2014, we wish to inform you that on 12 February 2015 International Finance Corporation (IFC) subscribed to an 8% stake in the share capital of Cargills Foods Company (Pvt.) Limited (CFC), wholly owned subsidiary of Cargills (Ceylon) PLC (CCP).

Having received IFC Board approval and Conditions for Subscription duly complete, IFC has invested a sum of LKR 2,550Mn (approximately US$ 20Mn) to subscribe for the allotted shares, endorsing a pre-money equity valuation of Rs.29,325Mn for the Group’s Retail business.

Cargills Foods Company (Pvt.) Limited carries out the Retail operations of the Cargills Group, made up of the Cargills Food City and Cargills Food City Express supermarket chains.

 

Employee Share Option Schemes for the Month of January, 2015 in Colombo Stock Exchange

The following voting shares were listed during the period 1st January 2015 to 31st January 2015 consequent to the exercising of options under employee share option schemes.

Name of Company No. of Shares Listed

Stated Capital as at 31st January 2015 (LKR.)

John Keells Holdings PLC 321,083 50,695,165,700.86
Hatton National Bank PLC 47,992 13,192,116,000.00
Commercial Bank of Ceylon PLC 85,414 21,470,389,138.41

 

New Chairman and Director General for Urban Development Authority

Change the Position of Chairman and Director General – Urban Development Authority We wish to inform you that the Chairman and Director General of this Authority have been resigned from their positions with effect from 13 January 2015 and details of newly appointed Chairman and Director General are as follows.

 

Position: Chairman
Name: Ranjit Michael Samual Fernando
Address: 7th Floor, Urban Development Authority, Sethsiripaya, Battaramulla
Contact Details 011 2873645 / chairs@uda.lk
Position: Director General
Name: Nayana Nadeesha Mawilmada
Address: 6th Floor, Urban Development Authority, Sethsiripaya, Battaramulla
Contact Details 011 2883301 / dg@uda.lk

 

Also, please note that the changes in the Board of Management of Urban Development Authority will be informed as soon as these appointments are made.

 

Dr. T. Senthilverl Left Vidullanka PLC

M&S Announces to CSE that Dr. T. Senthilverl has sold his 15.348% stake of Vidullanka PLC to Aberdeen Holdings (Pvt) Limited on 10th February 2015.

This sale has done at 73,251,835 Ordinary Shares at a Price of Rs. 6.00.

M.R Ramanan Acquire 10% of Millennium Housing Developers Plc

The Millennium Housing Developers Plc stated to Colombo Stock Exchange that M.R Ramanan Acquire 10% of Millennium Housing Developers Plc from the Nawaloka Construction Company PLC.

The purchases process was done for 13,468,132 Shares at a price of Rs 6.70 per share.

Is 15% interest rate for Senior Citizens’ Deposit is active in Sri Lanka? ( Highest Interest Rate Earnings in Sri Lanka at the Moment)

There were many confusion over 15% interest for senior citizens’ deposits, where the Sri Lanka Banks’ Association (SLBA) stated that they are going to meet the Deputy Governor, Ananda Silva on Monday to get few clarification about this scheme.

There are many Senior citizens are facing problem due to a less interest rate earning for their deposits which made them after their retirements. Therefore the past government has suggested to offer 12% per annum to Senior Citizens’ who deposits more than Rs. 2.5 Million (25 Lakhs), but the present government has increase the interest rates to 15% per annum and reduce the  minimum amount for senior citizens fixed deposits of Rs. 1 Million to deposits to obtain a higher interest rates.

Sri Lanka expectes to cross 2 million tourist arrivals in 2015: Sri Lanka Tourist Promotional Bureau Chairman

Respected marketer and business personality Rohantha Athukorala has been appointed as the Chairman of the Sri Lanka Tourist Promotional Bureau (SLTPB) by Sports and Tourism Minister Navin Dissanayake

Athukorala was the seventh Chairman of the Sri Lanka Export Development Board (EDB), the only Chairman to serve the EDB for over five years, and supported the industry in taking the export revenue from US $ 6 billion to US $ 11 billion in his tenure.

Athukorala commenting on the task ahead said, “Given the vibrancy of the private sector, the two million visitor arrivals can be achieved. We are targeting the UK market to generate a 190000 from the current 144,168, Germany to be 150,00 from current 102,977 whilst France to be 100,000 visitors from the current 78883, just to name a few. The economic instability in Russia is worrying given that almost 69,718 tourists were generated from this market but the rest of the world will so some catching up is our estimate.”

NEWS

Colombo Stock Exchange Trade Summary – 10th February 2015

Colombo Stock Exchange (CSE) publish their trade summery for the 10th February 2015, see below key information of Colombo Stock Exchange Trade Summary, or click below link for details Colombo Stock Exchange Trade Summary published by Colombo Stock Exchange (CSE)

Price Indices Today Previous Day
All Share Price Index (ASPI) 7,304.70 7,198.44
S&P Sri Lanka 20 Index 4071.60 3,983.41
Turn over 3,282,028,910.60
Share Volume 232,486,217

Click Here to see details Colombo Stock Exchange Trade Summary of 9th February 2015

Colombo Stock Exchange Trade Summary – 9th February 2015

Colombo Stock Exchange (CSE) publish their trade summery for the 9th February 2015, see below key information of Colombo Stock Exchange Trade Summary, or click below link for details Colombo Stock Exchange Trade Summary published by Colombo Stock Exchange (CSE)

 

Price Indices Today Previous Day
All Share Price Index (ASPI) 7,198.44 7,162.75
S&P Sri Lanka 20 Index 3,983.41 3,958.93
Turn over

930,209,489.90

Share Volume

37,970,733

 

Click Here to see details Colombo Stock Exchange Trade Summary of 6th February 2015

Sampath Bank PLC Annual General Meeting at The Kingsbury on 31st March 2015

Sampath Bank PLS announces that the Board of Directors at their meeting held on 29.01.2015 have decided to convene the Annual General Meeting of Sampath Bank PLC.

Accordingly, the Annual General Meeting of Sampath Batik PLC will be held on 31st March 2015 “Balmoral Hall, The Kingsbury, No, 48, Janadhipathi Mawatha, Colombo 01 at 9.30 am.

Colombo Stock Exchange to educate Pensioners on sustainable financial planning

The Colombo Stock Exchange (CSE) is to launch an awareness programme to provide pensioners with a sound understanding of personal financial planning. The CSE entered into a Memorandum of Understanding (MoU) with the Department of Pensions; to educate retired personnel on the diverse avenues of investment available to them.

The CSE is commitment towards ensuring that all socio-economic segments have a thorough understanding of prudent investment opportunities, in order to minimise their risks and maximise their returns. Reaching out to the community of retired persons is an extension of this course of action; to ensure that their savings are channelled in a manner that provides them the most sustainable returns.

In light of the prevailing low interest rates provided by Banks, investment in Corporate Debt and Unit Trusts is seen as a more lucrative avenue of investment. These avenues of investment provides stability with fixed rates of return.

Educational Professionals from the CSE will concentrate their efforts on inculcating sound principals of financial management within the community of retired professionals. The educational programmes conducted will offer a balanced overview of both the risks and returns of investment in all financial instruments.

A series of programmes will be organised, island wide, through the CSE’s regional branch network to educate pensioners. These programmes will begin in January and continue throughout the year, providing continuous education to retired persons; building on the principals of personal financial planning.

These programmes are seen as a hand-holding exercise and will focus on educating investors on the merits of investing in Corporate Debt and Unit Trusts. It is thought prudent to focus on these investment products, in light of the risk averse nature of investors within an older demographic.

Investment in Corporate Debt and Unit Trusts is seen as a more stable avenue of investment, as opposed to direct investment in equity, which provides higher returns, with lower risks and therefore the education programmes will be targeted at the audience that is seen to gain the highest benefit from such an investment philosophy.

Pensioners will be provided with educational material that will offer an introduction to the various investment products available, the merits and demerits of each and the basic tenants of investment such as maintaining a conservative risk profile and diversification of investment portfolios.

The programme is seen as an ideal way of presenting pensioners with a new avenue of investment; which offers them greater engagement and control, of the method in which their funds grow and earn returns.

CSE Media Release – 29th January 2015

Lankem Ceylon PLC Acquired J. F. Packaging (Private) Limited for Rs. 600 Million

Lankem Ceylon PLC announce to the Colombo Stock Exchange that the company has on the 30th January 2015 through purchase and direct investment acquired 72.5% of the equity capital (represented by 488,034 ordinary shares) of J. F. Packaging (Private) Limited at a total consideration of Rs.600 Million.

JF. Packaging (Private) Limited, is engaged in the business of manufacturing, supplying, designing, laminating and printing a wide range of packaging solutions.

Shaw Wallace Ceylon Limited brought 50% of Richlife Dairies Limited from Renuka Agri Foods PLC

Renuka Foods PLC announce to the Colombo Stock Exchange that the Shaw Wallace Ceylon Limited, a sub-subsidiary of Renuka Foods PLC has acquired Twenty Million Two Hundred & Ninety Thousand (20,290,000) Ordinary Shares (50% shareholding) of Richlife Dairies Limited for a consideration of Rs 605,000,000 from Renuka Agri Foods PLC on 30th January 2015.

Shaw Wallace Ceylon Ltd is a leading Fast Moving Consumer Goods (FMCG) manufacturing and distribution Company and will integrate Richlife Dairies Limited into its operations to unlock synergies.

 

Lanka Century Investments PLC- 2015 WARRANTS (W0006) Conversion starts from 5th February to 24th February 2015 for Rs. 39.00 for a share

The Lanka Century Investments PLC  announces to the Colombo Stock Exchange about the 2015 Warrants will cease to trade as at end of trading on 05 February 2015.

The Company will mall to the holders of 2015 Warrants registered in its books as at end of trading on 05 February 2015 a detailed Notice of Exercise. The holders of the said Warrants are entitled to exchange their Warrants with an equal number of Ordinary Shares of the Company at LKR 39/- per share during the exercise period commencing 05 February 2015 to 24 February 2015.

Warrants in respect of which the right to convert into Ordinary Shares are not exercised on or before 4.00 p.m. on 24 February 2015 (Expiration Date) shall have no right whatsoever thereafter.

Janashakthi Limited Brought Bartleet Finance Plc

Janashakthi Limited (“JL”), Announce in to the Colombo Stock Exchange that the Janashakthi Limited has purchases 99.78/% of Bartleet Finance PLC.

Janashakthi Limited purchased 6,639,998 voting ordinary shares of Bartteet Finance PLC (“BFL”) held by the major shareholder Bartleet Transcapital Limited (“BTCL”) at a total price of Rs.874,818,419/- constituting approximately 86.79% of the voting rights of the Company on 22nd January, 2015.

Further, at the time of the above acquisition, Janashakthi Limited already held 993,749 voting ordinary shares of BFL, constituting approximately 12.99% of the voting rights which had been purchased between 02nd January, 2015 to 10th January, 2015, at a total price of Rs.109,312,390/-.

With the above acquisition, Janashakthi Limited now holds a total number of 7,633,747 Ordinary Shares of BFL constituting approximately 99.78% of the voting rights of the company. Thus, effective from 22nd anuary 2015, BFL shall be a subsidiary of Janashakthi Limited.

Softlogic Capital PLC Reduction of Stated Capital Rs. 618.464 Billion

Softlogic announces to the Colombo Stock Exchange that the Board of Directors of Softlogic Capital PLC has resolved to effect a reduction of the stated capital of the Company.

  • The reason for the reduction – To reduce the accumulated losses of the Company
  • The proposed amount of the reduction of stated capital – LKR 618,464,000.00
  • The current stated capital and the proposed stated capital subsequent to the reduction

Current stated capital – LKR 3,498,464,000.00

Proposed stated capital – LKR 2,880,000,000.00

  • The number of shares in issue would not change and accordingly the 688,160,000 ordinary shares already in issue would remain unchanged consequent to the reduction.
  • Reduction of the stated capital is subject to shareholder approval at a General Meeting by way of a Special Resolution.

An extract of the Board Resolution recommending a reduction of the stated capital of the Company is attached herewith. An Extraordinary General Meeting of the Company will be convened on the 6th day of March 2015 in this regard.

Colombo Stock Exchange Trade Summary – 5th February 2015

Colombo Stock Exchange (CSE) publish their trade summery for the 5th February 2015, see below key information of Colombo Stock Exchange Trade Summary, or click below link for details Colombo Stock Exchange Trade Summary published by Colombo Stock Exchange (CSE)

 

Price Indices Today Previous Day
All Share Price Index (ASPI) 7,047.31 7,000.06
S&P Sri Lanka 20 Index 3,853.65 3824.98
Total Return Index on all Share (ASTRI) 9,249.25 9,187.24
Total Return Index on S&P Sri Lanka 20 Index 5,029.14 4,991.71

 

Click Here to see details Colombo Stock Exchange Trade Summary