FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Buy lofc tomorrow - Maharaja
by Anushka Perz Today at 12:59 am

» LIOC ....Get in soon
by Citizen Silva Yesterday at 10:26 pm

» L G I L - Maharaja special
by Chula Yesterday at 10:12 pm

» New Bermuda Triangle
by CHRONICLE™ Yesterday at 9:23 pm

» Technical update 12.08.2022 Maharaja
by Maharaja Yesterday at 9:09 pm

» SGH buys EXPO from retailers
by samaritan Yesterday at 2:29 pm

» HORANA PLANTATIONS PLC (HOPL)
by cheetah Yesterday at 2:27 pm

» What you need to remember is there is ALWAYS a way to make income from day trading stocks. Stock market for beginners and day traders
by Asoka Samarakone Sat Aug 13, 2022 9:00 pm

» LPRT and CHOT old and profitable businesses, yet severely undervalued
by deli Sat Aug 13, 2022 5:13 pm

» HAYLEYS PLC (HAYL.N0000)
by EPS Sat Aug 13, 2022 8:34 am

» Exterminators Plc (EXT.N)
by ErangaDS Fri Aug 12, 2022 9:44 pm

» CW Makie Highest Dividend Payer- EPS of Rs.10 for Quarter
by Ros123 Fri Aug 12, 2022 5:57 pm

» AAIC 100 = SCAP 16
by SamJay1974 Fri Aug 12, 2022 2:46 pm

» LOLC to enter the giant Indian Market
by samaritan Fri Aug 12, 2022 11:27 am

» LOFC Future
by samansilva Fri Aug 12, 2022 11:05 am

» PIRAMAL GLASS CEYLON PLC (GLAS.N0000)
by stocknoob Fri Aug 12, 2022 7:59 am

» RENUKA AGRI FOODS PLC (RAL.N0000) TP. 7
by cheetah Thu Aug 11, 2022 9:45 pm

» SUNSHINE HOLDINGS PLC (SUN.N0000)
by ErangaDS Thu Aug 11, 2022 5:07 pm

» WATAWALA PLANTATION PLC (WATA.N0000)
by ErangaDS Thu Aug 11, 2022 5:05 pm

» US inflation eased slightly in July
by ADVENTUS Thu Aug 11, 2022 11:25 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sathosa Takeover

Sathosa Takeover

Go down  Message [Page 1 of 1]

1Sathosa Takeover Empty Sathosa Takeover Wed Feb 29, 2012 12:58 pm

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

IPO Gimmicks

Feb 29, 2011 (LBT) - Controlling shareholding of Sathosa Motors PLC (SMOT) amounting to 3.6mn shares (59.66%) changed hands short while ago via crossing at the Colombo Stock Exchange (CSE) at a price of Rs 235 per share. According to market sources the seller is likely to be the ITOCHU Corporation and the buyer is Sumal Perera led Access Engineering Ltd which has announced its IPO few days ago. Mr Sumal Perera is the current Chairman of Sathosa Motors PLC.

The origin of Sathota Motors goes back to 1962, where ISUZU Agency was secured by the Co-operative Wholesale Establishment in 1962. The Company was peopleised on the 26th of August 1992 and 60% of Issued capital was acquired by M/s C Itoch & Co. Ltd (Itochu corporation) Japan , one of the largest trading organization (sogo-shosa) in Japan and Of the remainder 10% was gifted to employees & 30% issued to the General Public.
http://www.lbt.lk/stock-market/deals/1331-sathosa-deal

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum