SINS buyers....

CSE1 · 1 SINS buyers.... Thu Jun 02, 2011 8:50 pm

CSE1

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is SINI sell there SINS stake ??
Do u know who was the Buying Party ???

StocksWatch · 2 Re: SINS buyers.... Thu Jun 02, 2011 9:05 pm

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I am also curious on this deal. Could some one please shed any light to this?

If SINI actually sold its stake in SINS, how much capital gain can we expect?

Gaja · 3 Re: SINS buyers.... Thu Jun 02, 2011 9:09 pm

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StocksWatch wrote:I am also curious on this deal. Could some one please shed any light to this?

If SINI actually sold its stake in SINS, how much capital gain can we expect?

http://www.cse.lk/cmt/upload_cse_announcements/2921306928029_.pdf - this link may be help full to you friend

xmart · 4 Re: SINS buyers.... Thu Jun 02, 2011 9:10 pm

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SINI sold stake at open market, I guess. dump 2 Mn shares to retailers. now look at SINS. we could see it at 115 again. its kind of ugly affair of brokers.

StocksWatch · 5 Re: SINS buyers.... Thu Jun 02, 2011 9:12 pm

StocksWatch

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Gaja wrote:

StocksWatch wrote:I am also curious on this deal. Could some one please shed any light to this?

If SINI actually sold its stake in SINS, how much capital gain can we expect?

http://www.cse.lk/cmt/upload_cse_announcements/2921306928029_.pdf - this link may be help full to you friend

That explains everything. Thanks Gaja.

CSE1 · 6 Re: SINS buyers.... Fri Jun 03, 2011 8:08 am

CSE1

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hey .... according to this link Dilith Jayaweera controlled Emagewise (and also Ajith Devasurendra’s Taporbane and Niroshan de Silva’s Orion were on the buying side of Singer) ware enter to SINS
i feel that is good sing for the SINS cause look at REEF and CLND. after they are buying those are going high

any idea abt that ???

CSE1 · 7 Re: SINS buyers.... Fri Jun 03, 2011 12:25 pm

CSE1

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sry link is hear Very Happy

http://www.ft.lk/2011/05/31/deals-on-singer-dimo-and-chase-of-cdic-dominate-bourse/

cse.alpha · 8 Re: SINS buyers.... Fri Jun 03, 2011 1:09 pm

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There has been some speculation, possibly fired up further by those looking to manipulate SINS shares, that the controlling stake in SINS is up for sale.

Controlling party of SINS is ultimately Retail Holdings.

Some highlights from their website are below.

Singer Asia Limited Shareholder Structure

Retail Holdings N.V. currently owns approximately 56.2% of the equity of Singer Asia, UCL Asia Partners, L.P owns approximately 42.8% and Mr. Gavin Walker, Singer Asia President and CEO, owns 1.0% of the equity, reflecting the exercise of a portion of his options.

Should Mr. Walker exercise all of his options, his equity stake in Singer Asia would increase to approximately 4.8%, the Retail Holdings N.V. shareholding would decline to approximately 54.1% and the Fund's stake would decline to approximately 41.1%.

Singer Asia is a holding company with operating subsidiaries in the South Asian countries of Sri Lanka, Bangladesh, Pakistan and India.

The subsidiaries in Sri Lanka, Bangladesh and Pakistan are retail businesses engaged in the distribution of a wide variety of consumer durable products, with consumer credit and other financial services available to qualified customers. In each of these markets, Singer Asia is the leading retailer of durable products for the home.

The subsidiary in India is primarily a wholesale distributor of sewing products, although that company also has a right to retail nationwide.

Singer Asia also has an affiliate company in Thailand and a licensee in Malaysia that are the largest direct (door-to-door) sellers of consumer durable products in those markets.

Source : http://www.retailholdings.com/