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)
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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)
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.
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.
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.
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.
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