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Sri Lanka Softlogic to sell leasing arm to Laugfs Vote_lcap11%Sri Lanka Softlogic to sell leasing arm to Laugfs Vote_rcap 11% [ 21 ]
Sri Lanka Softlogic to sell leasing arm to Laugfs Vote_lcap20%Sri Lanka Softlogic to sell leasing arm to Laugfs Vote_rcap 20% [ 38 ]
Sri Lanka Softlogic to sell leasing arm to Laugfs Vote_lcap29%Sri Lanka Softlogic to sell leasing arm to Laugfs Vote_rcap 29% [ 55 ]
Sri Lanka Softlogic to sell leasing arm to Laugfs Vote_lcap40%Sri Lanka Softlogic to sell leasing arm to Laugfs Vote_rcap 40% [ 76 ]

Total Votes : 190

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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Sri Lanka Softlogic to sell leasing arm to Laugfs

Sri Lanka Softlogic to sell leasing arm to Laugfs

5 posters

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Oct 01, 2012 (LBO) - Softlogic Capital Plc, said it has struck a deal with Laugfs Holdings Limited to sell a 67 percent stake in Softlogic Credit Limited, a licensed leasing company that engages in microfinance.

The firm said in a stock exchange filing that Softlogic Credit will be solf for 103.6 million rupees, subject to regulatory approvals.

The firm had been on the block for some time.

In April Softlogic said it was planning to sell the company to Forbes Capital (Pvt) Ltd.
http://lbo.lk/fullstory.php?nid=1811040021

Arena


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

This is what i always say. SHL should divest some of its holdings as soon as possible. Not sure they sell this just to pay off the interest due rather the loan capital. 106.6 m is a peanut for them when compare with loans........

Chinwi

Chinwi
Associate Director - Equity Analytics
Associate Director - Equity Analytics

Amal Mudunkotuwa wrote:This is what i always say. SHL should divest some of its holdings as soon as possible. Not sure they sell this just to pay off the interest due rather the loan capital. 106.6 m is a peanut for them when compare with loans........

bitter memories of VANIK ....

WildBear


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

Chinwi wrote:
Amal Mudunkotuwa wrote:This is what i always say. SHL should divest some of its holdings as soon as possible. Not sure they sell this just to pay off the interest due rather the loan capital. 106.6 m is a peanut for them when compare with loans........

bitter memories of VANIK ....
Those days, VANIK was day traders Darling,

Sidath

Sidath
Manager - Equity Analytics
Manager - Equity Analytics

Chinwi wrote:
Amal Mudunkotuwa wrote:This is what i always say. SHL should divest some of its holdings as soon as possible. Not sure they sell this just to pay off the interest due rather the loan capital. 106.6 m is a peanut for them when compare with loans........

bitter memories of VANIK ....

Chinwi.............can't agree with you more. Always thought this was another vanik waiting to happening. Over extending themselves into area they don't understand. and Over paying for it

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