ASI price index fell 9.72 points closed at 1496.38 while more sensitive Milanka index closed the day 11.61 points lower 1636.54.
Turnover was Rupees 36.44 million. John Keels Holdings contributed 21.4 million for the total turnover & closed Rs 2.00 lower at Rs.50.00
Seylan Bank PLC shares remained halted throughout the day due to pending announcement.
Meanwhile local currency depreciated further against US Dollar.
Announcement at Colombo Stock Exchange
NEWSPAPER ARTICLES RE: PROPOSED DIVESTITURE OF CEYLINCO GROUP HOLDING IN SEYLAN BANK AND RELATED ARTICLES
Seylan Bank's position in connection with the above is given below.The Bank's Founder Chairman/Managing Director, Deshmanya Dr. Lalith Kotelawala announced over the weekend of his intention to divest Ceylinco Group's shareholding in Seylan Bank in order to raise funds to meet liabilities of credit card holders of Golden Key Credit Card Co. Ltd.The proposed divestiture of Ceylinco Group's stake in the Bank to a potential reputed investor, the details of which have not been finalized as yet will be carried out with the permission of the Monetary Board of the Central Bank of Sri Lanka and other relevant regulatory authorities.In response to the misleading paper articles appearing in the newspapers, Seylan Bank wishes to emphasize that the intended sale relates only to the shares owned by Ceylinco Group in Seylan Bank. The intended sale is not of the assets of Seylan Bank or any investments made by the Bank. Moreover, the Bank wishes to inform that it will not utilize the depositor's funds to meet the obligations of Golden Key Credit Card Holders.Seylan Bank again wishes to emphasize that as a licensed commercial bank, it is regulated and supervised by the Central Bank of Sri Lanka.The Bank hopes that the above release from the Central Bank and the Bank's clarification of the correct position given herein will dispel any doubts regarding contradictory Articles which appeared in the newspapers the last two days and reassure the Bank's shareholders, stakeholders and other members of the public as to the soundness and stability of the Bank.
NEWS PAPER ARTICLE PUBLISHED IN DAILY NEWS OF 22ND DECEMBER'2008 - SEYLAN BANK PLC
Company conforms that Dr.J.L.B Kotelawala continues to be on the Board of Directors of Seylan Bank PLC as its founder Chairman/ Managing Director.
Monday, December 29, 2008
Subscribe to:
Post Comments (Atom)
PRIVACY POLICY
At http://www.stock-market-today.net , we respect the privacy and personal rights of our visitors. We will never sell, lease, rent, or otherwise improperly disclose any personally identifiable information submitted through this site, for any reason. We are committed to a firm "no spam" policy; if you ever receive unrequested email correspondence purporting to be from our domain name, please forward it with full email headers intact to info@stock-market-today.net for investigation.
Links to Other Websites
This website may contain links to other sites that are not controlled in any way by us. Please be aware of this when you click on any such links; we are not responsible for the privacy practices and/or policies of any website other than our own. Consequently, we strongly suggest that you review the privacy policy of every website you visit, whether or not they are linked to by our own site.
Security
We follow accepted industry standards to protect any personal information you have provided to us. However, please be aware that no method of electronic storage can ever be 100% secure. Therefore “as is the case with any organization - we are not in a position to guarantee the absolute security of your information.
We collect anonymous usage information on our visitors through two methods,
(1) Log files analysis on our web server
(2) Google Analytics
These services may employ third party tracking cookies to gather anonymous browser, operating system, geographic, and web site navigation information. We also host advertisements from Google AdSense on our site; these services may also use cookies to determine appropriate ads that match the interests of our visitors. Acceptance of these tracking cookies (small files placed on your hard drive by your web browser) is not required to use our web site, but browsing without cookies may result in a less than optimal experience in some cases. Our visitors should be aware that Google uses the DoubleClick DART cookie to serve advertisements based on their interests; this information is gathered based on visitors’ behavior on this and other Internet sites. Visitors may opt out of the DART cookie by visiting the Google ad and content network privacy policy.
Please direct any inquiries regarding our privacy policy and data usage guidelines to info@stock-market-today.net.Thank you for supporting our site!
Links to Other Websites
This website may contain links to other sites that are not controlled in any way by us. Please be aware of this when you click on any such links; we are not responsible for the privacy practices and/or policies of any website other than our own. Consequently, we strongly suggest that you review the privacy policy of every website you visit, whether or not they are linked to by our own site.
Security
We follow accepted industry standards to protect any personal information you have provided to us. However, please be aware that no method of electronic storage can ever be 100% secure. Therefore “as is the case with any organization - we are not in a position to guarantee the absolute security of your information.
We collect anonymous usage information on our visitors through two methods,
(1) Log files analysis on our web server
(2) Google Analytics
These services may employ third party tracking cookies to gather anonymous browser, operating system, geographic, and web site navigation information. We also host advertisements from Google AdSense on our site; these services may also use cookies to determine appropriate ads that match the interests of our visitors. Acceptance of these tracking cookies (small files placed on your hard drive by your web browser) is not required to use our web site, but browsing without cookies may result in a less than optimal experience in some cases. Our visitors should be aware that Google uses the DoubleClick DART cookie to serve advertisements based on their interests; this information is gathered based on visitors’ behavior on this and other Internet sites. Visitors may opt out of the DART cookie by visiting the Google ad and content network privacy policy.
Please direct any inquiries regarding our privacy policy and data usage guidelines to info@stock-market-today.net.Thank you for supporting our site!
www.stock-market-today.net - Disclaimer
The information contained in this site, researched and compiled for purposes of information and does not purport to be complete description of the subject matter referred to herein. In preparing this blog (web site) care has been exercised to collect information from sources, which we believe to be reliable although we do not guarantee the accuracy and completeness thereof. www.stock-market-today.net (Stock Market Today) and/or its affiliates and/or its web masters shall not in any way be responsible or liable for loss or damage which any person or party may sustain or incur by relying on the contents of this report and acting directly or indirectly in any manner whatsoever.
Copyrights.
All the content on this blog is copyright protected and can be reproduced only by giving the due courtesy to www.Stock-Market-Today.Net. (Live Link to the Source Page).
0 comments:
Post a Comment