Touchwood Investments PLC Capitalization of Reserves calls

Touchwood Investments PLC Capitalization of Reserves calls
Touchwood Investments PLC Capitalization of Reserves calls

The Touchwood Investments PLC announced to Colombo Stock Exchange that the Board of Directors has passed the resolution of capitalization of reserves as follows.

Number of Shares to be issues: 35,635,200
Proportion: 1 new share for every 2 shares held
Consideration: Rs. 8.75 per Share
Total Consideration: Rs. 311,808,000

Maskeliya Plantations Right Issues

Maskeliya Plantations Right Issues
Maskeliya Plantations Right Issues

The Maskeliya Plantation announces right issues as the proportion of one new shares for every one share held at a price of Rs. 12.00.

The company offered 26,976,745 shares as right issues.

Date of announcement: 28th August 2012
Provisional Allotment: 19th October 2012
Date of Ex rights: 22nd October 2012
Dispatch Provisional Letter of Allotment: 25th October 2012
Rights trading commence: 2nd November 2012
Renunciation: 9th November 212
Late date for payment: 12th November 2012

People’s Leasing Company PLC rename as People’s Leasing & Finance PLC

The People’s Leasing Company PLC announced to Colombo stock Exchange, that the company have renamed as People’s Leasing & Finance PLC.

The company has obtained approvals from the shareholders upon the rename and adoption of the new Articles of Association.

Ceylinco Investment Corporation Ltd Divest by Nation Lanka Finance PLC

Ceylinco Investment Corporation Ltd Divest by Nation Lanka Finance PLC
Ceylinco Investment Corporation Ltd Divest by Nation Lanka Finance PLC

The continuous loss making entity of Ceylinco Investment Corporation Ltd has been divested by its parent company of Nation Lanka Finance PLC. The company has been sold to Moughul Fund (Pvt) Ltd at a Consideration of Rs. 1 per Share (total of 600,000 shares).

The divestment decision taken by Nation Lanka Finance PLC keeping in line with the directions issued by the Central Bank of Srilanka, to divest the loss making subsidiaries.

 

Renuka Agri food PLC Invest Rs. 250 Million in Richlife Dairies Ltd

 

Renuka Agri food PLC Invest Rs. 250 Million in Richlife Dairies Ltd
Renuka Agri food PLC Invest Rs. 250 Million in Richlife Dairies Ltd

The Renuka Agri Food PLC invests Rs. 250 Million on Richlife Dairies Ltd by the way of cumulative convertible and redeemable debentures on 28th September 2012.

The investments are indicating the high need of the dairy products in srilanka; the new investment may help Richlife to improve their production and distribution effectively with new technological improvements in sector.

The investors of Renuka Agri food PLC could evaluate the company performance in long term on the above investment.

 

Panasian Power Acquire Padiyapelella Hydropower Limited

Panasian Power Acquire Padiyapelella Hydropower Limited
Panasian Power Acquire Padiyapelella Hydropower Limited

The Panasian power PLC a leading hydropower energy producers in srilanka announced that the company have obtain the shareholder approvals to acquires 90% stake of Padiyapelella Hydropower Limited.

The resolution is giving more strengthen to the company to invest in wider range of hydropower investments in Srilanka and let it to be Go Green Concepts of Nation

Laugfs Holdings Limited Purchase Controlling power Softlogic Credit Limited

The Board of Directors of Softlogic Capital PLC announced to Colombo Stock Exchange, that the Company signed an agreement on Share Sales and Purchases with Laugfs Holdings Limited on 28th September 2012.

According to the agreement the Laugfs Holdings Limited purchases the 5.1 Million Ordinary Shares constituting 67% of the issued share capital of Softlogic Credit Limited at a total consideration of Rs. 103, 638,039.00

The agreement will valid upon the regulatory and shareholder approvals.

 

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LOLC Group Acquires Brown & Company PLC

LOLC Group Acquires Brown & Company PLC
LOLC Group Acquires Brown & Company PLC

The LOLC made an announcement to Colombo Stock Exchange that the company has acquired 50% of Diriya Investments (Pvt) Ltd for a Consideration of Rs. 1.32 Billion.

With the acquiring the Browns Groups of Companies has been a subsidiary of LOLC. The Diriya Investments (Pvt) Ltd 49.8% of Brown & Company PLC and LOLC existing hold 7.4% of Brown & Company PLC. It’s made Possibility for LOLC to Acquire Brown & Company in controlling part of 57.2%.

The LOLC Investment made an initial payment of Rs. 660 Million to the seller and the balance will be settled in one year time. The strategic acquisition of both groups of companies will maximize the potential growth and Strong strategies for both companies.

Property Development PLC acquire 10.63% Koladeniya Hydropower (Pvt) Ltd

Property Development PLC acquire 10.63% Koladeniya Hydropower (Pvt) Ltd
Property Development PLC acquire 10.63% Koladeniya Hydropower (Pvt) Ltd

The Koladeniya Hydropower (Pvt) Ltd issued 21,699,899 shares of Rs. 10 each to Property Development Plc against the credit available to Property Development Plc.

The Koladeniya Hydropower (Pvt) Ltd has been commence their commercial operation and connected to Ceylon Electricity Board on 25th April 2012.

The Acquired shares of 21,699,899 shares is 10.63% out of the total Equity capital of Rs. 2,042,205,126.00

Marawila Resorts Construct 56 Additional Rooms in investment of Rs. 350 Million

The Marawila Resorts PLC announced the Company has invested to construction and development of 56 additional rooms at a budgeted cost of Rs. 350 Million.

The development of srilankan industrial needs on hospitality will leads many new hotels to enter in Srilanka hospitality businesses. Therefore the Marawila Resorts needs to updates and improve its rooms and hospitality services to attracts more and facilitate much better to future tourism caters.

Softlogic Finance PLC is Negotiating USD 10 Million Loan Facility

Softlogic Finance PLC
Softlogic Finance PLC

The Softlogic Finance PLC is negotiation a USD 10 Million loan facility from the FMO. The USD 10 Million arise of 6 Million Senior Loan and USD 4 Million unsecure convertible subordinated loans.

The loan will be facilitate the Softlogic Finance PLC to growth envisage as per the 3 years business plans approved by the Board of Directors.

The successful loan extended will be the 1st overseas funding line from a reputed international development financial institution to Softlogic Finance PLC.

Colombo Stock Exchange Modernize their Website

Colombo Stock Exchange Modernize their Website
Colombo Stock Exchange Modernize their Website

The Colombo Stock Exchange has made some Modernize and customization to user friendly to the Investors to understand the Market Information.

The Clear Blue and White background attractive and give much more Details short and sweetly.

To See Colombo Stock Exchange New Website goes on this Link http://www.cse.lk/

Mr. Rajendra Theagarajah Appointed to CSE Board

Colombo Stock Exchange
Colombo Stock Exchange

The Colombo Stock Exchange made an announcement to General Public, that Mr. Rajendra Theagarajah has been appointed to the CSE Board from 17th April 2012.

Mr. Rajendra Theagarajah was appointed the vacant place of Mr.Nihal Fonseka.

The current Board of Directors of CSE is;

Mr. Krishan Balendra (Chairman)

Mr. Vajira Kulatilaka

Dr. Saman Kelegama

Mr. M R Prelis

Mr. Dakshitha Thalgodapitiya

Mr. Hiran de Alwis

Mr. Rajendra Theagarajah

People’s Merchant PLC Obtains Finance Business License from Central Bank of Srilanka

People Merchant Bank
People Merchant Bank

The People’s Merchant PLC made an announcement to Colombo Stock Exchange; that the Monetary Board of the Central Bank of Sri Lanka has granted the License to carry on Finance Business under Finance Act no 42 of 2011.

The People’s Merchant PLC will be able to carry out their businesses as the Finance Business from 17th April 2012. This will enable them to share more confident to stakeholders of People’s Merchant PLC.

Mackwoods Energy Limited Listing CSE on 25th April 2012

Mackwoods Energy Limited
Mackwoods Energy Limited

The Colombo Stock Exchange made an announcement; that the Mackwoods Energy Limited a New Initial Public Offered Company will be Listing to Colombo Stock Exchange on 25th April 2012.

Type of Share: Ordinary Voting Share
Security Code: MEL.N.0000
Total No of shares to be listed: 100,000,000
Date of listing: 25th April 2012

 

The Mackwoods Energy Limited listed on Diri Savi Board of CSE and will classified under the Power & Energy Sector.

Indo-Malay Declares Final Dividend for Financial Year 2012

Indo-Malay PLC
Indo-Malay PLC

The Indo-Malay PLC made an announcement in Colombo Stock Exchange; that the company has proposed Final Dividend of Rs. 16.00 per Share for the Financial Year of 2011/2012.

And the Indo-Malay PLC Organized an Annual General Meeting on 31st May 2012 and the proposed Dividend will be obtain Shareholders Approval in this event. Upon the Shareholders approvals the ex Dividend date will be on 1st June 2012 and will be paid on 12th June 2012.

Selinsing Declares Final Dividend for Financial Year 2012

Selinsing PLC
Selinsing PLC

The Selinsing PLC made an announcement in Colombo Stock Exchange; that the company has proposed Final Dividend of Rs. 29.50 per Share for the Financial Year of 2011/2012.

And the Selinsing PLC Organized an Annual General Meeting on 31st May 2012 and the proposed Dividend will be obtain Shareholders Approval in this event. Upon the Shareholders approvals the ex Dividend date will be on 1st June 2012 and will be paid on 12th June 2012.

Good Hope Declares Final Dividend for Financial Year 2012

Good Hope PLC
Good Hope PLC

The Good Hope PLC made an announcement in Colombo Stock Exchange; that the company has proposed Final Dividend of Rs. 21.00 per Share for the Financial Year of 2011/2012.

And the Good Hope PLC Organized an Annual General Meeting on 31st May 2012 and the proposed Dividend will be obtain Shareholders Approval in this event. Upon the Shareholders approvals the ex Dividend date will be on 1st June 2012 and will be paid on 12th June 2012.

Shalimar Declares Final Dividend for Financial Year 2012

Shalimar (Malay) PLC
Shalimar (Malay) PLC

The Shalimar (Malay) PLC made an announcement in Colombo Stock Exchange that the company has declares Final Dividend of Rs. 17.00 per Share for the Financial Year of 2011/2012.

And the Shalimar (Malay) PLC Organized an Annual General Meeting on 31st May 2012 and the proposed Dividend will be obtain Shareholders Approvals. Upon the Shareholders approvals the ex Dividend date will be on 1st June 2012 and will be paid on 12th June 2012.

No More 10% Price Band in CSE

Colombo Stock Exchange
Colombo Stock Exchange

The Colombo Stock Exchange announced; that the Securities and Exchange Commission of Srilanka has decided to direct the Colombo Stock Exchange to Life the 10% Price Band.

The 10% Price band was imposed for 5 Market days on certain securities based on an agreed formula which takes into account volatility and volumes.

Possibilities of Re-impose of 10% Price Band

The SEC will continuously monitor the Market Behavior, and the Price Band may be re-imposed in future, if the situation so warrants.

Taprobane Holdings Limited – Introduction to Colombo Stock Exchange

Colombo Stock Exchange
Colombo Stock Exchange

The Colombo Stock Exchange announced today the Taprobane Holdings Limited in principle application has been approved to listing of its Ordinary Voting shares on the Diri Savi Board of the CSE. 732,949,140 Ordinary Voting shares of the company will be listed by the way of introduction.

The introductory Document will be available to the Members Firms and Trading Member in shortly.

Samudra Beach Resorts Constructing a 4 Star Hotel in Kosgoda

Browns Investments PLC
Browns Investments PLC

The Samudra Beach Resorts (Pvt) Ltd a fully own Subsidiary of Browns Investment PLC signed an agreement with Board of Investment of Srilanka to constructing of a 4 Star Hotel with 150 Rooms in Kosgoda.

The Project is estimated to investment of Rs. 1.75 Billion and project expected to be completed in 2013.

Liberty Plaza Expand operations into 180 Rooms Hotel in Colombo City

Colombo Land & Development Company PLC
Colombo Land & Development Company PLC

The Liberty Plaza made an announced to Colombo Stock Exchange that the Colombo Land and Development Company PLC has entered into a Sales Agreement to purchases a plot of land on Duplication road adjacent to Liberty Plaza Southern Car Park at a Cost of 221 Million.

The Liberty Plaza is constructing a 180 Room City Hotel which will cater to the fast growing demand of tourist accommodation in the city of Colombo. The Project will be commencing in later part 2012 and Hotel will be complete by 2014.

Business Opportunity for City Hotels in Colombo

According to Srilanka tourism development; the hospitality service in city limits boom and increased the demand for the Business Hotels and City Hotels.

The Government of Srilanka also considering the development of Tourism and Boosting the Support services and other business to improve the position as Gate way of South Asia.

Colombo Fort Hotels Limited purchase 30.56% of Voting Rights of Sigiriya Village Hotel PLC

Sigiriya Village Hotels PLC
Sigiriya Village Hotels PLC

The Sigiriya Village Hotel PLC made an announcement to Colombo Stock Exchange that the Colombo Fort Hotels Limited has purchased 2,750,000 Ordinary Voting Share of Sigiriya Village Hotels PLC at a Price of Rs.67.00 Each.

The transaction recorded on 5th April 2012, which the transaction is considered 30.56% of Voting Rights of the Company.

Kotagala Plantation Invested USD 70 Million in Rubber in Cambodia

kotagala plantation PLC
kotagala plantation PLC

The Kotagala Plantation PLC have invested in Cambodia, the Investments are along with the Business Diversification of Rubber. The Management has Brought 20,000 Plant Hectares of Rubber in Cambodia. The Invest was carried out at the consideration of USD 70 Million.

New Amendment Minimum Brokerage & CDS Fee and Revision of Custodian Fee

Colombo Stock Exchange
Colombo Stock Exchange

The Colombo Stock Exchange announced the new Amended Brokerage & CDS Fee with effect from 10th April 2012.

The Board of Directors of CSE and SEC have approved the Removal of the Minimum Brokerage fee of Rs. 10.00 and Minimum CDS Fee of Rs. 5.00 Levied on transactions.

The 0.64% Brokerage fee and CDS Fee of Rs. 0.024% will be applicable for all transactions up to Rs. 50 Million.

The fee of Rs. 25 will be charge from Custodian Banks in respect of Custodian trades has been done away with effective from 19th March 2012.