What happen to SUGA.N?

omegaplus · 26 Re: What happen to SUGA.N? Thu Oct 23, 2014 8:53 pm

omegaplus

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soileconomy wrote:

omegaplus wrote:Hello, I know this will sound like a strange/ silly question,
But can any expert advice me what will happen to people have SUGA.N.
Will they come back for trade?

.

This was taken over by the government under gazette of under performing companies act.
Accordingly SUGA is vested under the Treasury , compensation has to be made to the shareholders according to the valuation.So shareholders will be compensated.A Valuer has appointed for this purpose.So you have to submit your claim to the said authority.

Thank you very much for info, So where we have to submit our claims?

schemer · 27 Re: What happen to SUGA.N? Thu Oct 23, 2014 9:03 pm

schemer

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under privatization, suga was making profits. but the motive for taking over is not that. that is the ethanol.
if this factory is kept under government they can control ethanol. . they can get ethanol.that is the reason.
see sri Lankan and mihin. are they over performing or under performing. who is paying for these crimes? sri Lankan was making profit. but under this government we public have to pay to keep it.

anyway anyone has got money for suga shares? or got any dividend?
then who is eating our dividend money?

please tell us any one has got compensation.

schemer · 28 Re: What happen to SUGA.N? Thu Oct 23, 2014 9:12 pm

schemer

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I am going to write to opposition candidates to include this matter in their election manifestos .
pay compensation if government take over private properties.

omegaplus · 29 Re: What happen to SUGA.N? Thu Oct 23, 2014 9:16 pm

omegaplus

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I do hope we will get some useful info ... Idea

I was thinking I'm the only one worrying about it...

soileconomy · 30 Re: What happen to SUGA.N? Fri Oct 24, 2014 4:43 am

soileconomy

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omegaplus wrote:

soileconomy wrote:

omegaplus wrote:Hello, I know this will sound like a strange/ silly question,
But can any expert advice me what will happen to people have SUGA.N.
Will they come back for trade?

.

This was taken over by the government under gazette of under performing companies act.
Accordingly SUGA is vested under the Treasury , compensation has to be made to the shareholders according to the valuation.So shareholders will be compensated.A Valuer has appointed for this purpose.So you have to submit your claim to the said authority.

Thank you very much for info, So where we have to submit our claims?

You have to submit your claim to the chairman.compensation tribunal ,SJMS Associates.
I am unable to say whether such claims are accepted at the moment since they made this in 2013.
I will try to attach a scan copy of the letter I received in respect of the above for your information.

schemer · 31 Re: What happen to SUGA.N? Fri Oct 24, 2014 7:48 am

schemer

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soil economy ,
have you managed to get compensation.

have they paid compensation already to other share holders?

omegaplus · 32 Re: What happen to SUGA.N? Fri Oct 24, 2014 2:05 pm

omegaplus

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soileconomy wrote:

omegaplus wrote:

soileconomy wrote:

omegaplus wrote:Hello, I know this will sound like a strange/ silly question,
But can any expert advice me what will happen to people have SUGA.N.
Will they come back for trade?

.

This was taken over by the government under gazette of under performing companies act.
Accordingly SUGA is vested under the Treasury , compensation has to be made to the shareholders according to the valuation.So shareholders will be compensated.A Valuer has appointed for this purpose.So you have to submit your claim to the said authority.

Thank you very much for info, So where we have to submit our claims?

You have to submit your claim to the chairman.compensation tribunal ,SJMS Associates.
I am unable to say whether such claims are accepted at the moment since they made this in 2013.
I will try to attach a scan copy of the letter I received in respect of the above for your information.

I really appreciate that and feeling so strange as not even my broker told me anything about it.Did you get your money back? how much did they pay per share?

schemer · 33 Re: What happen to SUGA.N? Fri Oct 24, 2014 5:59 pm

schemer

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are there any other SUGA share holders in this forum?
please tell us if you have received any form of communication from treasury or from govt regarding compensation payment.we are in dark about this compensation programme. i did not see any news paper notification or personal notification regarding this.

I do not know how they can take over private property without even informing affecting people.
the same story goes in vanathamulla too .there also people struggling against taking over of houses without paying compensation to match the property value.

soileconomy · 34 Re: What happen to SUGA.N? Mon Oct 27, 2014 4:48 am

soileconomy

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Dear omegaplus and schemer.I am extremely sorry for delay.
I have been trying to attach a scan copy of the letter received from the compensation commission.Due to technical issue I was not able to attach scan copy to this reply.If administration permits me to put my email address I will send a scanned copy which carries required details.
I did not submit my claim due to the fact I am holding only100 shares of SUGA.
But I got compensation for Hotel Developers shares.

Dear Admin,
Please consider my above request.
Thanx

omegaplus · 35 Re: What happen to SUGA.N? Mon Oct 27, 2014 6:12 am

omegaplus

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soileconomy wrote:Dear omegaplus and schemer.I am extremely sorry for delay.
I have been trying to attach a scan copy of the letter received from the compensation commission.Due to technical issue I was not able to attach scan copy to this reply.If administration permits me to put my email address I will send a scanned copy which carries required details.
I did not submit my claim due to the fact I am holding only100 shares of SUGA.
But I got compensation for Hotel Developers shares.

Dear Admin,
Please consider my above request.
Thanx

Hi Soileconomy
Thanks a lot for message and I don't think you need to say sorry.
In fact thanks for all info and trying to send it.
I do hope you will able to send/attach it soon and many will benefit form that.
Thank you..

omegaplus · 36 Re: What happen to SUGA.N? Tue Oct 28, 2014 2:23 pm

omegaplus

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soileconomy wrote:Dear omegaplus and schemer.I am extremely sorry for delay.
I have been trying to attach a scan copy of the letter received from the compensation commission.Due to technical issue I was not able to attach scan copy to this reply.If administration permits me to put my email address I will send a scanned copy which carries required details.
I did not submit my claim due to the fact I am holding only100 shares of SUGA.
But I got compensation for Hotel Developers shares.

Dear Admin,
Please consider my above request.
Thanx

Hi Soileconomy
I found how to attach a image/doc here.

First you click on the "host an image button" ,then you upload the photo and copy the link , then click on the " insert an image" button .
You can paste the link there ...
when you finish you can send and it will post the image...
Hope this will help...

soileconomy · 37 Re: What happen to SUGA.N? Tue Oct 28, 2014 9:14 pm

soileconomy

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Dear omegaplus,

It sounds like admin has given permission to put my email address.Please drop me an email to -pandula1@gmail.com.

omegaplus · 38 Re: What happen to SUGA.N? Thu Oct 30, 2014 2:13 am

omegaplus

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Hi,
As I heard from Soileconomy,
These are the documents he have.

What happen to SUGA.N? - Page 2 <a href=

What happen to SUGA.N? - Page 2 2410_211

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What happen to SUGA.N? - Page 2 2410_212

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What happen to SUGA.N? - Page 2 2410_213

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As I understand from them , SUGA share holders had to claim compensation within 2 Years from 11th November 2011.( Before 11th November 2013) Which is well past by now.

So I think as most of us share holders didn't hear/ knew about this, may be we can ask them to look in to that.

what you think ? any ideas?

Please let me know what can we do...
I really fall bad they way they handing things...