PAP 100,000,000@3.00

salt · 1 PAP 100,000,000@3.00 Wed Apr 24, 2013 12:59 pm

salt

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Cross-PAP 100,000,000@3.00 +0.20 = 300,000,000

Who is the buyer : Is it Hemas Group?

Is this the same deal which was suppposed to happen @ 3.00 -3.30
Oh.. it has gone on lower end..

Gaja · 2 Re: PAP 100,000,000@3.00 Wed Apr 24, 2013 1:09 pm

Gaja

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Seller should be Power Hub International SDN BHD, Malaysia 117,174,900 23.43

If the hemas purchased then they will have 29.43% now

UKboy · 3 Re: PAP 100,000,000@3.00 Wed Apr 24, 2013 1:34 pm

UKboy

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I thought government is going to introduce tougher rules against these mini power plants? If it happens, what’s the point of buying power sector shares? Can someone pls clarify?
I never considered this sector counters as investments ( Ok for tradings)..

glad · 4 Re: PAP 100,000,000@3.00 Wed Apr 24, 2013 2:47 pm

glad

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Check announcement in CSE

sriranga

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http://www.cse.lk/cmt/upload_cse_announcements/9311366793882_.pdf

sriranga · 6 24-Apr-2013 Corporate Disclosure - PAP Wed Apr 24, 2013 3:36 pm

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http://www.cse.lk/cmt/upload_cse_announcements/7551366796914_.pdf

Gaja · 7 Re: PAP 100,000,000@3.00 Wed Apr 24, 2013 4:01 pm

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http://www.cse.lk/cmt/upload_cse_announcements/8531366798158_.pdf - New Director Board

troy · 8 Re: PAP 100,000,000@3.00 Wed Apr 24, 2013 4:15 pm

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so the run is over for PAP?? Aiyo I bought at 2.90 and couldnt exit...

Redbulls · 9 Sri Lanka Hemas Power buys into Panasian Power Wed Apr 24, 2013 4:23 pm

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Apr 24, 2013 (LBO) - Sri Lanka's Hemas Power Plc has bought a 20 percent stake in Panasian Power for 300 million rupees, upping the group stake to 29.3 percent, the company said.

The 100 million share stake was bought for 3.00 rupees each from Power Hub International Sdn, Bhd, Malaysia.

Hemas Power subsidiaries Okanda Power Grid (Pvt) Ltd holds 36.2 million shares and Agra Oya Hydropower (Pvt) Ltd holds 10.3 million shares making up a group total of 146.5 millon or a 29.3 percent stake.

"For the moment I think it is perfect," managing director Kishan Nanayakkara said. "We are the single largest shareholder."

Hemas Power does not have to make an offer to buyout other shareholders unless a threshold of 30 percent is exceeded.
http://www.lankabusinessonline.com/news/Sri_Lanka_Hemas_Power_buys_into_Panasian_Power/1556632629