Market gained marginally on thin trading.
Colombo ASI was up by 3.41 points to close at 161.11 while MPI also
gained 0.12 points to close at 1675.41.
Turnover was Rs 47.3 million.
Commercial Bank of Ceylon PLC was up by Rs 2.50 to close at Rs 82.75.
Seylan Merchant Leasing PLC was up by Rs 6.00 on takeover information
& closed at Rs 15.25.
Hemas Holdings PLC lost 4.25 to close at Rs 55.75. Dipped Products Plc
closed Rs 9.75 lower at Rs 48.25 but only 1400 shares traded.
Announcements
09-Mar-2009 PRESS RELEASE – THE FINANCE COMPANY PLC
The Company has informed CSE that as per the press release issued by
the Department of Supervision of Non Banking Financial Institution of
Central Bank of Sri Lanka (CBSl) the CBSL has identified certain key
executives who would be entrusted with the overall management
responsibilities of this company and these appointments are due to be
made within the next two days. Meanwhile, assessments are made in
relation to the current situation so that the necessary interventions
can be made by the selected management team expeditiously, under the
guidance and advice of the Expert Group.
Further, the company informed that the appointments referred to above
are to be made in the next two days and such they are not in a
position to make any disclosure as yet.
09-Mar-2009 ACQUISITION OF "ABC" CREDIT CARD CO. LTD
People's Merchant Bank PLC has informed CSE that they have created a
new Company by the name of PMB Credit Card Co.Ltd. to take over the
operations of ABC Credit Card Co.Ltd.
The agreements were singed on Saturday, 7th March, 2009 by the
Directors of People's Merchant Bank PLC, PMB Credit Card Co.Ltd and
ABC Credit Card Co.Ltd
09-Mar-2009 ACQUISITION OF 44% OF SILVEREEN FINANCE CO.LTD – PEOPLE'S
MERCHANT BANK PLC
The Company has informed CSE that they have acquired 44% stake in
Silvereen Co.Ltd.
The agreements were singed on Saturday,7th March,2009 by the Directors
of People's Merchant Bank PLC and Mr. Shiran Dissanayake, a
shareholder of Silvereen Finance Co.Ltd.
09-Mar-2009 ANNUAL REPORTS OF LISTED COMPANIES.
The following Companies have released their Annual Financial Reports
for the year ended 31st March/31st December 2008 to the CSE.
Released to the Market on 09-03-2009 – SAMP
Released to the Market on 06-03-2009 – JFIN,COMB & MBSL
Released to the Market on 05-03-2009 – UDPL,UAL & HAPU
Released to the Market:- LCEY, COLO, RGEM, PDL, EBCR & CTC, HNB, NDB,
OSEA,CTCE, TPL, KVAL & SLTL
09-Mar-2009 GESTETNER OF CEYLON PLC
The Company has informed CSE of the decision made today by the Board
of Directors of the above Company to acquire 699,998 Ordinary Shares
in Nashua Lanka (Pvt) Ltd for a total consideration of SLR.
6,999,980/-
06-Mar-2009 MERCHANT BANK OF SRI LANKA PLC
The Company has informed CSE that MBSL has accepted an assignment from
The Finance & Guarantee Company Limited to provide consultancy
services to The Finance & Guarantee Group to restore public confidence
and to resolve its current liquidity problems. We have also obtained
clearance from the Central Bank in this regard. MBSL is in the process
of gathering relevant information /documents to develop a Plan to
restore business activities of The Finance & Guarantee Group without
any responsibility in the capacity of managers or directors.
Further, MBSL is also engaged in preliminary discussions with Central
Bank. to undertake the management of the affairs of Ceylinco Savings
Bank and to rehabilitate the bank with the view of establishing a long
term relationship.
Any further developments on the aforesaid business assignments, which
in the opinion of the Directors of MBSL require clarification or
confirmation in the interest of market activity on the MBSL stock.
06-Mar-2009 SALE OF SHARES HELD BY CARSON CUMBERBATCH PLC TO GOODHOPE
ASIA HOLDINGS LTD – Carson Cumberbatch PLC
Shareholdings of Carson Cumberbatch PLC in the followings companies
were sold to GoodHope Asia Holdings Ltd. A fully owned subsidiary of
the Company incorporated in Singapore, today on the trading floor.
Name of the Company – No of shares – percentage
Indo Malay PLC – 3,590,438 – 51.30%
Good Hope PLC – 3,705,082 – 53.93%
Selinsing PLC – 3,482,497 – 50.18%
Shalimar (Malay)PLC – 5,205,606 – 75.01%
As GoodHope Asia Holdings is a fully owned subsidiary of the Company,
these transaction would not give rise to mandatory offers.
06-Mar-2009 SALE OF SHARES HELD BY SHALIMAR (MALAY) PLC TO CARSON
CUMBERBATCH PLC – SHALIMAR (MALAY) PLC
9,733,607 shares (24.14%) held by Shalimar (Malay) PLC in Equity One
PLC were sold to Carson Cumberbatch PLC, today on the trading floor.
06-Mar-2009 PURCHASE OF SHARES OF EQUITY ONE PLC FROM SHALIMAR
(MALAY) PLC – CARSON CUMBERBATCH PLC
9,733,607 shares (24.14%) held by Shalimar (Malay) PLC in Equity One
PLC were purchase by the Company, today on the trading floor.
As a result the Company's holding in Equity One PLC has increased to
94.59% from 70.45%.
06-Mar-2009 Another Year of Significant Performance at Asian Alliance
Insurance
The Detail Article has been attached in the Profile section of Asian
Alliance Insurance Co. PLC.
06-Mar-2009 ACQUISITION OF NEXTHOMES LIMITED – KELSEY DEVELOPMENTS PLC
In terms of Section 9.1(iv) 3 of the Listing Rules of the Colombo
Stock Exchange Kelsey Developments PLC announced to CSE that it has
agreed to acquire 250,000 shares of Nexthomes Limited which is 100% of
the voting rights, at Rs. 100/- per share. The transaction is expected
to conclude in the next few days.
06-Mar-2009 ANNOUNCEMENT AS PER SECTION 9.I (IV) OF THE LISTING RULES
OF THE COLOMB9 STOCK EXCHANGE – INDO MALAY PLC
3,705,398 shares which amounts to 52.95% of the voting rights of the
Company were purchased by GoodHope Asia Holdings Ltd. a fully owned
subsidiary of the Carson Cumberbatch PLC and incorporated in
Singapore, from the following sellers:
Carson Cumberbatch PLC – 3,590,438 – 51.3%
Mylands Investments Limited – 78,960 – 1.13%
Weniwella Investments Limited – 36,000 – 0.52%
Total – 3,705,398 – (52.95%)
06-Mar-2009 ANNOUNCEMENT – AS PER SECTION 9.l(IV) OF THE LISTING
RULES OF THE COLOMBO STOCK EXCHANGE – SELINSING PLC
4,009,037 shares which amounts to 57.77% of the voting rights of the
company were purchased by GoodHope Asia Holdings Ltd. a fully owned
subsidiary of the Carson Cumberbatch PLC and incorporated in
Singapore, from the following sellers,
Carson Cumberbatch PLC – 3,482,497 – 50.18%
Mylands Investments Limited – 54,216 – 0.78%
Watapota Investments PLC – 472,324 – 6.8%
Total 4,009,037 (57.77%)
06-Mar-2009 ANNOUNCEMENT AS PER SECTION 9.I (IV) OF THE LISTING RULES
OF THE COLOMB9 STOCK EXCHANGE – GOOD HOPE PLC
3,842,769 shares which amounts to 55.92% of the voting rights of the
Company were purchased by GoodHope Asia Holdings Ltd. a fully owned
subsidiary of the Carson Cumberbatch PLC and Incorporated in
Singapore, from the following sellers :
Carson Cumberbatch PLC – 3,705,082 – 53.92%
Mylands Investments Limited – 106,835 – 1.55%
Weniwella Investments Limited – 30,852 – 0.45%
Total – 3,842,769 (55.92%)
06-Mar-2009 ANNOUNCEMENT – AS PER SECTION 9.l(IV) OF THE LISTING
RULES OF THE COLOMBO STOCK EXCHANGE – SHALIMAR (MALAY) PLC
Carson Cumberbatch PLC holding of 5,205,606 Ordinary Shares of
Shalimar (Malay) PLC which amounts to 75.01% of the voting rights of
the Company was sold to GoodHope Asia Holdings Ltd. a fully owned
subsidiary of the said Carson Cumberbatch PLC which is incorporated in
Singapore.
06-Mar-2009 SALE OF SHARES HELD BY WATAPOTA INVESTMENTS PLC TO
GOODHOPE ASIA HOLDINGS LTD. – WATAPOTA INVESTMENTS PLC
472,324 shares (6.8%) held by Watapota Investments PLC in Selinsing
PLC were sold to Goodhope Asia Holdings Ltd.,a company incorporated in
Singapore, today on the trading floor.
GoodHope Asia Holdings Ltd, is a fully owned subsidiary of Carson
Cumberbatch PLC.
06-Mar-2009 Preliminary Announcement – SEYLAN MERCHANT BANK PLC
Seylan Merchant Bank PLC is pursuing the possibility of divesting the
controlling stake of Seylan Merchant Leasing PLC to Peoples Leasing
Company Ltd.
A Non Disclosure Agreement is singed on 6th March 2009 between Seylan
Merchant Leasing PLC and Peoples Leasing Company Ltd.
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