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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Touchwood’s small investors furious about new management stance

Touchwood’s small investors furious about new management stance

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Jayashantha

Jayashantha
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Touchwood investors this week vehemently criticised the latest outburst of the organisation’s new chief Lanka Kiwlegedara for downplaying those who had made small investments in the company.

Investors pointed out that this was “insulting” as they were made to feel that their investments though small were not worth it, an investor from Colombo told the Business Times.

On the other hand investors pointed out that all investments whether big or small were made and these could not be ignored.

Last week, the Business Times quoted Mr. Kiwlegedara as saying that he could not be answering each and every call of even these clients that invested small sums of money.

But calling out to all investors in Touchwood, he said, “don’t be frightened because Touchwood is forever.” Both investors and management of Touchwood are awaiting the decision of the courts in the company’s winding up case this month.

Next week, the Touchwood Shareholders Association would be meeting in a bid to finalise all warrants and actions to be taken by the grouping. Lawyer and coordinator of the association Lakshan Dias told the Business Times they would also look at acquiring the lands for which they would be filing a caveat aimed at highlighting that there is an interest in these lands. It was learnt that the mahogany and sandalwood estates were in grave threat since most of the trees were taken away.

http://www.sundaytimes.lk/140504/business-times/touchwoods-small-investors-furious-about-new-management-stance-94279.html

anges


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
lol! 

samanthaperera879


Senior Equity Analytic
Senior Equity Analytic
Any Way this is the typical nature of Touch wood and Malony's, When they want money they Come Up with All kinds of Stories and take money from People, But when the time comes to return those monies they act like they never knew these people who trusted them. Now they have a happy life in Australia and innocent people suffer in Sri lanka. They did this in every where and they cant go to any of those places again, and People suffer every where. And this Kiwlegedara is an agent of Maloney's and he is the boyfriend of swarna Maloney. He came there to cover up this couple. Touch woods 5 story Building is vacated, where are the furniture computers and all important stuff? where are the vehicles? And at the moment what ever possible trees are being cut and sold by kiwlegedara's team. At last investors will not get anything but empty lands and few under grown Trees. Why we cant go after their assets in Thailand, Australia and Cambodia?

Kouprey


Stock Analytic
Stock Analytic
Samantha you are right, contact me at
depperera@gmail.com
I will give you some additional information.
Regards.

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