The deal amounting just over Rs.1 billion took place in four major crossing on the board of Colombo Stock Exchange a while ago
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look at amounts due from associated companies 8bn.
short term investments amount to 2bn
as per my view DIST alone can raise upto 15Bn, then what about Melstacorp (Pvt) Limited, Milford Exports (Ceylon) Limited, Lanka Milk Food (C.W.E.) PLC, stassen group
Harry Jayawardena is the no.1 business person in owning cash generating companies for me.
@Nigel.Machado wrote:You have to consider Company statement as DIST company is buying SPEN.
DIST consolidated includes assets and liabilities of SPEN also.
He is a guy with a master plan sooner or later he will control both the conglomerates JKH & SPEN.
He is the only Businessmen who is not interested in retailers money, but he invest his own.
I don't think he is trouble with SPEN .But what I heard was ,that HJ had to give Rs 1 Bn for a powerful politician to get the proceeds due to DIST after nearly 3 years of the original Judgement .
And it was clear that he was forced to buy a company from a chap who supports a powerful politician ( openly through media ) and later on government took over that company through under performing companies act.
I think investors should worry more about these types of things
@soileconomy wrote:Yes Kumar.That is what we are experiencing right now .
I don't like to comment more on that subject , bcoz this topic will drag to a another area which original purpose will not be served.
@hariesha wrote:What about the profits of SLIC, during it's under DIST. As per the judgment DIST is entitle for the profits. But not got it yet.
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