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

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Today at 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Today at 8:07 am

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by Beyondsenses Today at 8:03 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Yesterday at 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Yesterday at 8:03 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 9:49 am

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Yesterday at 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Yesterday at 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Yesterday at 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Yesterday at 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Yesterday at 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Yesterday at 6:34 am

» Importance of Agroforestry for Sri Lanka
by CHRONICLE™ Yesterday at 6:31 am

» Nivard Cabraal sets record straight on decision to allow flexibility to the rupee
by God Father Sun Jun 26, 2022 11:15 pm

» Baseless accusations against the former Governor Nivard Cabraal
by ChooBoy Sun Jun 26, 2022 10:44 pm

» Heavy losses at CPC whilst LIOC records profit
by ChooBoy Sun Jun 26, 2022 1:32 pm

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Sat Jun 25, 2022 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Sat Jun 25, 2022 12:00 pm

» Container shipping stocks routed
by target1 Fri Jun 24, 2022 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Fri Jun 24, 2022 1:26 pm

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™ » DAILY CHRONICLE™ » Rishan and Lankem in double deal at Bourse

Rishan and Lankem in double deal at Bourse

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Deals between PC House Holdings owner S.H.M. Rishan, who is emerging as a very active high net worth investor in the market, and low profile Lankem Group dominated interest in an otherwise lacklustre Colombo Bourse.

PCH Holdings controlling shareholder Dynaris Holdings (formerly Sansiyo Corporation) owned by Rishan bought 1.66 million shares or a 3% stake in Lankem Development Plc from the latter’s controlling shareholder Lankem Ceylon Plc for Rs. 11.8 million.

In turn Lankem Ceylon bought four million shares or a 1.5% stake in PCHH from Dynaris for Rs. 50 million.

As at 31 March 2012, Lankem Ceylon held 3.2 million shares or a 5.45% stake in Lankem Developments Plc, whilst Lankem Plantations (56%) and related party Kotagala Plantations (10%) were the major shareholders.

The buying into Lankem Development by Dynaris though small appears strategic as PCHH has interests in engineering business via several associates.

In a separate deal, Rishan bought 8.6 million shares or an 8.5% stake of PC Pharma for Rs. 103.6 million from M.R.M. Nawas.
Ever since listing recently, Rishan had figured in several large deals on PCHH. On 28 June Dynaris sold 4.4 million shares at Rs. 15 and Rs. 20.50 each. On 6 July Rishan and his wife acquired 3.7 million shares of PCHH at Rs. 13.30 each.
These deals involving Rishan were worth Rs. 165.6 million, or 61.5% of the day’s total.
http://www.ft.lk/2012/07/12/rishan-and-lankem-in-double-deal-at-bourse/

Back to top  Message [Page 1 of 1]

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