27-01-2009.

All share Index fell 17.07 & Milanka index down by 7.53 points.

ASI 1800.99
MPI 2015.42

Turnover was Rs. 102.6 million. Sri Lanka Telecom closed the day 75 cents lower at Rs 36.25.
There were 26 gainers & 100 losers.
Market fell mainly due to profit taking by investors from gains made by last few days.

Announcements

INTERIM FINANCIAL STATEMENTS 30TH SEPTEMBER 2008 – GALADARI HOTELS (LANKA) PLC

The company informed that at the Board Meeting held on 19th January 2009, the Board was of the view that with the implementation of the restructuring plan including the conversion of the part of the loan into equity, the net asset value of the company will increase.The Board has already approved the conversion into equity of the Government Loan amounting to Rs. 534,205,430 and part of the Loan due to Galadari Brothers Company LLC amounting to Rs. 1,237,530,440.Accordingly the Board was of the view that the implications of the provisions of section 220 of the Companies Act No. 7 of 2007 would not affect the company.

LANKA ORIX LEASING CO. PLC

Newspaper Article on Seylan BankThe company informed that the LOLC group has not expressed interest in purchasing Mr. Kotelawala’s shareholding in Seylan Bank PLC.

SAMPATH BANK PLC

The company confirmed that no Senior Sampath Bank officials as referred to in the article captioned “Sampath, LOLC keen on Seylan Bank” in the Financial Times of the Sunday Times paper of 25th January 2009 has made any such confirmation to the Press with regard to any expression of interest pertaining to Seylan Bank.

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