UBC - Corporate Disclosure or Public Announcement

Gaja · 1 UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 9:28 am

Gaja

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UBC - Corporate Disclosure or Public Announcement Screen12

http://www.cse.lk/cmt/upload_cse_announcements/9131365651677_.pdf

Last edited by GMNet on Thu Apr 11, 2013 2:18 pm; edited 1 time in total (Reason for editing : Announcement by UBC is depicted for greater publicity)

rainmaker

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It's a sad day when a banking chief and the personal investment advisor of Prince Faisal (grandson of the king of Saudi) has to write letters against so called unofficial social media and news websites

Jeremy · 3 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 2:22 pm

Jeremy

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How could Alex Lovell write on the official Letterhead of Union Bank and talk about Union Bank Shares he personally hold. Union Bank is not a proprietorship of Alex Lovell.

Conflict of interest? CSE should immediately correct this.

sanju351 · 4 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 2:38 pm

sanju351

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GMNet wrote:How could Alex Lovell write on the official Letterhead of Union Bank and talk about Union Bank Shares he personally hold. Union Bank is not a proprietorship of Alex Lovell.

Conflict of interest? CSE should immediately correct this.

Well who the hell are you and me - He is the Chairman of the bank and why can not he write on UBC letterhead ?

And By the way in coming days his connected parties will buy over the whole bank and will get out of CSE anyway ..

salt · 5 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 2:42 pm

salt

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@GMNet,
try to act smart and show who you are?
he is the chairman & who else could use letter heads

sanju351 · 6 Here the UBC chairman had said about it Thu Apr 11, 2013 2:50 pm

sanju351

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UBC Chairman says he is with UBC for good ..
Genting to drop a parcel and bring in a new party to the bank with lot of changes taking UBC International ..

Keep an eye ..

Here the UBC chairman had said about it

Quote

"Not that I am going to leave," he hastens to clarify. "I am a long term investor, I don’t want to take short term positions because it does not make sense. Our strategy is that you buy assets which are not doing well or are near distress state, and rehabilitate them."

"You must bring in a very strong investor with a strong balance sheet because we are all private individuals. So at one point you must institutionalize. That is what we did with Genting.Now we will bring more vibrant business partners to the Country ..

Unquote

At Union Bank, Lovell brought in Malaysia based gaming and leisure group Genting, which he says has a balance sheet in excess of 30 billion dollars. The then undercapitalized Union Bank now has 4.6 billion rupees in capital which is above regulatory minimum.

Chinwi · 7 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 4:21 pm

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මොනවද අනේ මේ කියන්නේ ?
ඒ මනුස්සය ලියල තියෙන්නේ එයාගේ පුද්ගලික ලියුමක්. එයා ලියන ආදර හසුනුත් බැංකුවේ ලෙටර් හෙඩ් වල ලියනවද දන්නේ නැහැ.
හරි විදිය නම් තමන්ගේ පට්ටම් ඔක්කොම එක්ක පුද්ගලික ලෙටර් හෙඩ් එක භාවිත කිරීම.

අත්සන් කරලා තියෙන්නේ චෙයාමන් කියල නමුත් කොපියක් බැන්කුවටම යවල නේද ?

ඒක නිසා තමයි බැංකුවෙන් නැවතත් නිල ලිපියක් එවල තියෙන්නේ මෙන්න මේ මිනිහ විකුණලා නැහැ කියනවා කියල.

Jana1 · 8 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 5:00 pm

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What a nice promotion in ur usual way buddy? I remember ur promotion for HVA and Greg. I guess no1 wants to buy UBC at escalated price. Don't try to put up a big show here..If you know UBC has capacity to grow why didn't u talk when it was 13 range couple of months before?

I noticed u from other threats. I am pretty sure u make profit by promoting these craps..

@sanju351 wrote:UBC Chairman says he is with UBC for good ..
Genting to drop a parcel and bring in a new party to the bank with lot of changes taking UBC International ..

Keep an eye ..

Here the UBC chairman had said about it

Quote

"Not that I am going to leave," he hastens to clarify. "I am a long term investor, I don’t want to take short term positions because it does not make sense. Our strategy is that you buy assets which are not doing well or are near distress state, and rehabilitate them."

"You must bring in a very strong investor with a strong balance sheet because we are all private individuals. So at one point you must institutionalize. That is what we did with Genting.Now we will bring more vibrant business partners to the Country ..

Unquote

At Union Bank, Lovell brought in Malaysia based gaming and leisure group Genting, which he says has a balance sheet in excess of 30 billion dollars. The then undercapitalized Union Bank now has 4.6 billion rupees in capital which is above regulatory minimum.

Redbulls · 9 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 5:15 pm

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@Jana1 wrote:What a nice promotion in ur usual way buddy? I remember ur promotion for HVA and Greg. I guess no1 wants to buy UBC at escalated price. Don't try to put up a big show here..If you know UBC has capacity to grow why didn't u talk when it was 13 range couple of months before?

I noticed u from other threats. I am pretty sure u make profit by promoting these craps..

@sanju351 wrote:UBC Chairman says he is with UBC for good ..
Genting to drop a parcel and bring in a new party to the bank with lot of changes taking UBC International ..

Keep an eye ..

Here the UBC chairman had said about it

Quote

"Not that I am going to leave," he hastens to clarify. "I am a long term investor, I don’t want to take short term positions because it does not make sense. Our strategy is that you buy assets which are not doing well or are near distress state, and rehabilitate them."

"You must bring in a very strong investor with a strong balance sheet because we are all private individuals. So at one point you must institutionalize. That is what we did with Genting.Now we will bring more vibrant business partners to the Country ..

Unquote

At Union Bank, Lovell brought in Malaysia based gaming and leisure group Genting, which he says has a balance sheet in excess of 30 billion dollars. The then undercapitalized Union Bank now has 4.6 billion rupees in capital which is above regulatory minimum.

Most of us know about his cheap and dirty promotion, unfortunately our Moderators still keeping him in the forum, may be for entertainment purpose.

smallville

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@Redbulls wrote:
Most of us know about his cheap and dirty promotion, unfortunately our Moderators still keeping him in the forum, may be for entertainment purpose.

I think u and many other would agree that we've given a permanent position of "joker" i this forum since nobody willingly took it.
We should also pity him for not being able to cash out at correct time and wine so he always have to 'keep an eye'
However, if the promotions are the only aspects he'e interested in, we may take firm action as well.

Smile

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UBC - Corporate Disclosure or Public Announcement

1 UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 9:28 am

Gaja

2 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 10:27 am

rainmaker

3 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 2:22 pm

Jeremy

4 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 2:38 pm

sanju351

5 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 2:42 pm

salt

6 Here the UBC chairman had said about it Thu Apr 11, 2013 2:50 pm

sanju351

7 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 4:21 pm

Chinwi

8 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 5:00 pm

Jana1

9 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 5:15 pm

Redbulls

10 Re: UBC - Corporate Disclosure or Public Announcement Thu Apr 11, 2013 5:50 pm

smallville

11 Re: UBC - Corporate Disclosure or Public Announcement

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