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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Foreign Fund Managers eyeing SL’s JKH controlling stake

Foreign Fund Managers eyeing SL’s JKH controlling stake

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Sstar

Sstar
Vice President - Equity Analytics
Vice President - Equity Analytics

Nov 26, 2011 (LBT) - A large number of foreign Fund Managers based in the United States, United Kindom, Singapore and Japan have paid recent visits to Sri Lanka with the intention of acquiring premier blue chip corporate conglomerate John Keells Holdings PLC, top market sources told LBT.

Some of the principle reasons for the proposed acquisition is that they are looking for a foothold in the South Asian region and the only option was to acquire some of the top blue chips here given the growth potential in the country and the growth potential of the market, sources said

What they are looking forward tohttp://lbt.lk/news/business/793-blooming-blue-chip-



Last edited by rijayasooriya on Mon Nov 28, 2011 12:41 pm; edited 1 time in total (Reason for editing : title shortened.)

aj


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Looks like a carrot news item made by "top market sources". "Top market sources" can make a more convincing argument if they hire a couple of higana suddas from Mount Lavinia, put them in suits and take some pictures saying they're fund managers.

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