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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Asia Securities Direct FN Down after Dumith Fernando and Expolanka Kassim's backed York Street Partners bought the Stock Brokerage

Asia Securities Direct FN Down after Dumith Fernando and Expolanka Kassim's backed York Street Partners bought the Stock Brokerage

Go down  Message [Page 1 of 1]

StockGuru

StockGuru
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

The Former Credit Suisse Asia Pacific Managing Director and Chief Operating Officer Dumith Fernando recently bought 75% stake in Asia Securities along with three others, with Expolanka lead York Street Partners who will hold an 11% stake along with two others individual investors.

The deal is now happened and ever since then investors of Asia Securities cannot trade via Diect FN since last Friday.

It is anticipated that just like how some failed Deal Maker made a 'Deal' selling J.L. Morisons group to Hemas group whilst just few days after Morisions lost 13% revenue earning agency the deal maker was later left unpaid his deal making fee.

Similarly...it is is discussed among market sources the same famed 'Deal Maker' who generally market a deal before to news makers in Sri Lanka before his deal happens (whilst some news makers in the Sri Lannka still things he is a market expert) is supposed to join Dumith Fernando's new board at Asia Securities...the lack of technocrats to handle tech in Asia Securities will have issues in coming days.

Poor investors will now find it difficult to trade via Asia Securities for several days being unable to loging to their trading accounts as a result of Dumith Fernando's purchase.

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