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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Asia Siyaka is actually owned by Akbar Brothers?

Asia Siyaka is actually owned by Akbar Brothers?

3 posters

Go down  Message [Page 1 of 1]

Business Basil


Manager - Equity Analytics
Manager - Equity Analytics

Asia Siyaka's majority is controlled by Lanka Commodity Brokers.Although a Sinhala Chairman is in the front of Lanka Commodity Brokers insiders from the company know that the ultimate shareholders of the Lanka Commodity Brokers is owned Akbar Brothers that has a significant market share in Sri Lanka's Exported Tea.

Analysts say that Lanka Commodity Brokers ownership of Akbar Brothers is hidden due to Nationalistic issues in the present day context.

Akbar Brothers Limited was incorporated in 1972. Significantly, in the same year, the father of these founders retired from the Chairmanship of Hebtulabhoys & Co. and joined his sons, making available his 40 years experience in the highest echelons of tea industry. Moreover, the flourish thus set, kept up its' momentum for the company to become the largest tea exporter. For 14 consecutive years since 1992, Akbar Brothers Limited has been acknowledged as the biggest Sri Lanka tea exporter. Further, "Akbar" became the flagship brand of finest Ceylon tea from Sri Lanka.

D.G.Dayaratne


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

That means ASIY is managed by good business people

yellow knife


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Akbar Brothers are giants in Tea Industry and if so ASIY should be a share worth holding for long term..

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