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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Will Daya Gamage get back Sevanagala Sugar and Harry Jayawardena Get Back Pelawatte Sugar in 'MY3' Yahapalana Regime?

Will Daya Gamage get back Sevanagala Sugar and Harry Jayawardena Get Back Pelawatte Sugar in 'MY3' Yahapalana Regime?

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Business Basil


Manager - Equity Analytics
Manager - Equity Analytics

Will Daya Gamage get back Sevanagala Sugar and Harry Jayawardena Get Back Pelawatte Sugar in Yahapalana Regime?

This is the question..currently they are under government ownership.

If both UNP Funder Daya Gamage gets Sevanagala Sugar and Former Chandrika Funder turned Maithripala Funder gets Pelawatte Sugar the liquor business in the country will thrive with Sugar whilst Pelawatte Sugar share will rise and country's Sugar prices will shot up amidst Sugar majorly taken for Alcohol Production.

Kantale Sugar run by LOLC will largely provide Sugar to manufacture Perpetual group owned W.M. Mendis Arrack Company

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

Possibility is very high-Reversal of under utilized  assets bill.Most probably Mr Days Gamage will be given back Sevanagala sugar factory while pelawatta sugar will be given back to Mr Harry Jayawardena and Mr Ariyaseela Wickrananayake.
 Most probably this will be done through court proceedings since HJ has filed a case against this unlawful takeover and still case is being heard



Last edited by soileconomy on Tue Jan 13, 2015 7:21 am; edited 1 time in total (Reason for editing : .)

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