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

» Expolanka to continue its winning streak
by samaritan Today at 10:22 am

» POSITIVES & TARGETS BY IMTIAZ BUHARDEEN
by Gowri123 Yesterday at 4:38 pm

» When will supply chain disruptions ease?
by Gowri123 Yesterday at 4:08 pm

» We’re seeing a shift toward international and value stocks, says Schwab’s Kleintop
by target1 Yesterday at 2:40 am

» Wall Street stumbles as consumer pessimism stokes growth fears
by target1 Yesterday at 2:34 am

» Free Market Capitalism vs. Crony Capitalism
by target1 Yesterday at 2:30 am

» Sri Lankan corporations reap large profits as workers and rural toilers face poverty and starvation
by CHRONICLE™ Tue Jun 28, 2022 6:37 pm

» අද රාත්‍රියෙන් පසු, යක්ෂයාගේ හෝරාව ඇරඹේ!
by God Father Tue Jun 28, 2022 6:13 pm

» Derana 360 with Minister Dhammika Perera
by samaritan Tue Jun 28, 2022 1:07 pm

» CENTRAL INDUSTRIES PLC (CIND.N0000)
by LHW Tue Jun 28, 2022 9:24 am

» Breaking News- Kanchana to go to Qatar ; 2 more ministers off to Russia
by Beyondsenses Tue Jun 28, 2022 8:13 am

» PM thanks President Biden for assuring US support to Sri Lanka
by Beyondsenses Tue Jun 28, 2022 8:07 am

» Sri Lanka Stock Market heading toward ASPI 4500
by God Father Mon Jun 27, 2022 9:14 pm

» Why no power cuts in certain areas of Colombo?
by God Father Mon Jun 27, 2022 8:03 pm

» කොළඹ රාජකීය ගොල්ෆ් සමාජය විසින් රජයේ දේපළ අවභාවිත කිරීම
by ddindika Mon Jun 27, 2022 9:33 am

» LOLC to enter the giant Indian Market
by samaritan Mon Jun 27, 2022 9:17 am

» LOLC HOLDINGS PLC (LOLC.N0000)
by CHRONICLE™ Mon Jun 27, 2022 6:46 am

» SOEs within Minimum Programme for Economic Recovery
by CHRONICLE™ Mon Jun 27, 2022 6:44 am

» COVID WAVES: Can there be another Covid-19 wave in Sri Lanka?
by CHRONICLE™ Mon Jun 27, 2022 6:36 am

» Luminex Limited lists on the Diri Savi Board after a capital raise of Rs. 250 Million
by CHRONICLE™ Mon Jun 27, 2022 6:34 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™ » DAILY CHRONICLE™ » Softlogic Group sizzles Bourse

Softlogic Group sizzles Bourse

2 posters

Go down  Message [Page 1 of 1]

1Softlogic Group sizzles Bourse Empty Softlogic Group sizzles Bourse Tue Aug 21, 2012 2:20 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Softlogic Group sizzled the Colombo stock market yesterday with its firms responsible for Rs. 1.2 billion deals accounting for 68% of the total.

Softlogic Holdings (SHL) said that the company and its subsidiary Dai-Nishi Securities Ltd., sold their entire holding of 2.4 million shares (nearly 11% stake) in Asiri Central Hospital (ASHA) to Actis Investment Holdings SL Ltd. at Rs.250 per share for a total consideration of Rs. 604 million realising a capital gain of Rs. 288 million to the group.

SHL also announced that it purchased 81 million shares (9% stake) of Asiri Hospital Holdings (ASIR) at Rs. 7.50 per share for a total consideration of Rs. 608 million.

Softlogic Chairman Ashok Pathirage said the rational for entering into the transaction was to keep Softlogic Holdings Plc strategy of consolidation its stake in Asiri Hospital Holdings Plc.

The SHL’s purchase was from SSP Corporate Services, the trustees of Asiri Hospital Holdings Plc Employee Share Trust and the amount of Rs. 607.7 million exceeded 10% of the equity of the entity as per the audited financial statements for the year ended 31 March 2011.

Consequently to the deal SHL Group increased its ownership of ASIR to 61.87% with SHL holding 55.12% and the balance held by Group companies.

In total Asiri Hospitals saw 81.5 million of its shares traded for Rs. 611.75 million and Asiri Central Hospitals 2.41 million shares for Rs. 604.39 million, bringing the total to Rs. 1.2 billion.

Despite deals, Asiri Central (ASHA) closed 20 cents down whilst Asiri was down by 40 cents. Softlogic Holdings closed unchanged at Rs. 9.30 though it hit an intra-day high of Rs. 9.50.
http://www.ft.lk/2012/08/21/softlogic-group-sizzles-bourse/

2Softlogic Group sizzles Bourse Empty Re: Softlogic Group sizzles Bourse Sat Aug 25, 2012 9:38 am

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Chanuque wrote:ASIR Is About To Take Off -
by Chanuque on Wed Jun 13, 2012 10:17 pm

Could someone in this forum confirm me whether there is an important party is interested of having a substantial stake of ASIR from the retail market .. ? And, the very same investor is using so called the bear tactics to collect from the bottom undetected .. ?


In this trade, the history always repeat ..
Secondly if you are thinking of having diversified conglomerate, you CAN NOT ignore health sector in Sri Lanka .. RGDS !

nuwank wrote:by nuwank on Thu Jun 14, 2012 9:50 am

ASIR - a great company that had a mandatory offer of 9 LKR by Softlogic.

K.Haputantri wrote:on Thu Jun 14, 2012 12:23 pm
If cash map is 98% it is a sign of buying pressure.

Chanuque June 14 2012 wrote:I am monitoring ASIR very closely since the split. This is one of the few shares did not nose dive....... Mandatory offer did not work out. An orchestration is going on to consolidate an interest of a major player .. !


SHL also announced that it purchased 81 million shares (9% stake) of Asiri Hospital Holdings (ASIR) at Rs. 7.50 per share for a total consideration of Rs. 608 million.

Softlogic Chairman Ashok Pathirage said the rational for entering into the transaction was to keep Softlogic Holdings Plc strategy of consolidation its stake in Asiri Hospital Holdings Plc.[/quote]

Back to top  Message [Page 1 of 1]

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