LHCL WILL BE SOLD OFF

capitallinkceylon wrote:non strategic state companies will be sold off. PM stated Lanka hospital will be sold off through the CSE.
LHCL will go up on Friday

capitallinkceylon wrote:I'm just assuming it will go up, cause now everyone knows govt is looking for a buyer to takeover the company.

Companies like Hemas nawaloka durdans will for sure will be interested in buying into this.
I don't think Asiri will be looking into this cause they have 2 hospitals near proximity of Lanka hospital

Fortis is the 3 largest shareholder they paid Rs 60 in 2011 to buy there current stake. It may be Fortis and the price will be higher now and this sale to fortis will bring in foreign exchange in to the country which is badly needed at the moment. This will move and it is a safe betHarry82 wrote:Amount due from the Secretary to the Treasury o/a of SLIC Shares
As per the Judgment delivered by the Supreme Court of the Democratic Socialist Republic of Sri Lanka on June 
2009 it was declared and directed that the shares of SLIC purported to have been sold to Distilleries Consortium 
on 11th April 2003 along with any shares purchased from employees as per SSPA shall be deemed to have been 
held for and on behalf of the Secretary to the Treasury. 
As directed by the said judgment, the Secretary to the Treasury returned the money that was paid by Group 
Subsidiary Milford Holdings (Pvt) Limited (MHL) to purchase shares from SLIC.
Further, MHL was entitled to retain the profits of SLIC derived by MHL from 11 April 2003 to 04st June 2009 in lieu 
of the interest for the aforesaid investment. The Secretary to the Treasury was directed to cause profits of SLIC to 
be computed and audited from the date of the last audited Balance Sheet of SLIC to 04th June 2009 to enable MHL 
to obtain such profits.
However, Secretary to the Treasury has not yet determined the value of profits to be retained by the MHL; 

Therefore LHCL WILL BE SOLD OFF to DIST

Janu wrote:

Fortis is the 3 largest shareholder they paid Rs 60 in 2011 to buy there current stake. It may be Fortis and the price will be higher now and this sale to fortis will bring in foreign exchange in to the country which is badly needed at the moment. This will move and it is a safe betHarry82 wrote:Amount due from the Secretary to the Treasury o/a of SLIC Shares
As per the Judgment delivered by the Supreme Court of the Democratic Socialist Republic of Sri Lanka on June 
2009 it was declared and directed that the shares of SLIC purported to have been sold to Distilleries Consortium 
on 11th April 2003 along with any shares purchased from employees as per SSPA shall be deemed to have been 
held for and on behalf of the Secretary to the Treasury. 
As directed by the said judgment, the Secretary to the Treasury returned the money that was paid by Group 
Subsidiary Milford Holdings (Pvt) Limited (MHL) to purchase shares from SLIC.
Further, MHL was entitled to retain the profits of SLIC derived by MHL from 11 April 2003 to 04st June 2009 in lieu 
of the interest for the aforesaid investment. The Secretary to the Treasury was directed to cause profits of SLIC to 
be computed and audited from the date of the last audited Balance Sheet of SLIC to 04th June 2009 to enable MHL 
to obtain such profits.
However, Secretary to the Treasury has not yet determined the value of profits to be retained by the MHL; 

Therefore LHCL WILL BE SOLD OFF to DIST