Japanese based Bansei Securities Company Limited has purchased a 15-pct stake in Sri Lanka’s Pan Asia Banking Corporation.
The Rs. 930 million ( US$ 7.41 mln.) deal which were inked on Tuesday saw Bensei buying 44,256,164 shares of the Bank.
The stock market disclosure issued on this deal said a share was sold for a sum of [...]
Lanka Aluminium Industries PLC has decided to expand the firm’s operation with an investment Rs. 216.41 million.
In a stock market disclosure, the firm said that the money would be pumped into expand the factory facilities and its capacity.
Lanka Aluminium Industries, a firm listed in the Colombo Stock Exchange is engaged in the business of manufacturing [...]
National Development Bank says it’s Chief Executive Officer Russel De Mel will retire from the Bank on the 23rd of August after completing 33 years of service at the Bank.
De Mel’s position will be filled by another veteran banker Rajendra Theagrajah, who is currently functioning as the Managing Director / CEO of the HNB.
NDB will [...]
Sri Lanka’s Bank of Ceylon’s proposed issue of senior unsecured notes has been assigned an expected rating of ‘BB-(EXP)’, by Fitch Ratings Lanka.
Fitch says, the final rating is contingent upon the receipt of final documents conforming to information already received.
The agency says, BOC’s Long-term IDR is driven by the Government of Sri [...]
Sri Lanka’s Browns Investments PLC, a unit of Browns Group has purchased a 51-pct stake in Green Paradise Private Limited, which operates a 67 roomed hotel in Dambulla for a sum of Rs. 500 million.
Browns Investments says the hotel located in Kumbukkanwala in the area of Dambulla is a leisure facility managed under the Eco [...]
Aitken Spence Plantation Managements Limited has got the approval of the Colombo Stock Exchange to list the firm in the Diri Savi Board of the bourse, by way of an introduction.
The company is planning to list 21.3 million ordinary voting shares.
CSE says, the application seeking permission to list the firm by way of an introduction [...]
Hatton National Bank’s, MD / CEO Rajendra Theagarajah will resign from the post with effect from 30th June 2013.
The Bank in a market disclosure announced that Theagarajah is resigning from the post, as he has reached the age of retirement.
He will also resign from the Board of the HNB.
Theagarajah would be replaced by Jonathan Alles, [...]
Sri Lanka’s First Capital Holdings announced that it is planning to buy the Colombo based stockbroking firm, DNH Financial (Pvt) Limited for a sum of Rs. 180 million.
First Capital Holdings (FCH) says, it has already held negotiations with the ERI, which owns the DNH Financial regarding the proposed purchasing of the stock broker firm.
Accordingly, FCH [...]
Sri Lanka’s Autodrome PLC’s 83 year old Chairman Joseph Anthony Aloysius has resigned from the post with effect from 31st March, 2013.
He has also resigned from the Directorship he was holding in the company.
Following his resignation, Autodrome has appointed Mrs. Bernadette Jayaleela Aloysius as the new Chairperson of the 60 year old firm.
Her appointment comes [...]
Securities and Exchange Commission has started seeking applications from potential candidates to fill the Director General position of the regulatory body, following the resignation of Professor Hareendra Dissabandara from the post recently.
Dissabandara’s decision late last month marked the resignation of three senior officials of the SEC within a period of 14 months.
First to [...]