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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » What will be the future of LHCL ?

What will be the future of LHCL ?

4 posters

Go down  Message [Page 1 of 1]

1What will be the future of LHCL ? Empty What will be the future of LHCL ? Sat Nov 21, 2015 11:48 am

happybulls

happybulls
Equity Analytic
Equity Analytic

" As such, as stated by the Honourable Prime Minister in his address on this floor, the government is keen to streamline its portfolio of investments and will therefore exit partially or fully from those non-strategic investments in Lanka Hospitals, Hotel Developers PLC (Colombo Hilton), Hyatt Residencies, Waters Edge, Grand Oriental Hotel, Ceylinco Hospital and Mobitel by listing such investments in the Colombo Stock Exchange during 2016. The monies generated through such listings will be used to retire high cost debt accrued by the Rajapaksa regime "

2What will be the future of LHCL ? Empty Re: What will be the future of LHCL ? Sat Nov 21, 2015 11:59 am

happybulls

happybulls
Equity Analytic
Equity Analytic

Will the share price go up ?

3What will be the future of LHCL ? Empty Re: What will be the future of LHCL ? Sat Nov 21, 2015 8:44 pm

Shan1039


Senior Equity Analytic
Senior Equity Analytic

I hope so

Lot of collection was seen last few weeks

Will Easily pass 70

4What will be the future of LHCL ? Empty Re: What will be the future of LHCL ? Sat Nov 21, 2015 10:33 pm

Janu


Equity Analytic
Equity Analytic

Shan1039 wrote:I hope so

Lot of collection was seen last few weeks

Will Easily pass 70

Sri Lanka to sell-off state shares in Hilton, Hyatt, hospitals and telco firms

Nov 21, 2015 17:40 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's will sell-off 'non-strategic' enterprises including hotels, hospitals and a telecom firm, including ones that have been included in corruption scandals in the recent past.

Finance Minister Ravi Karunanayake in his budget speech for 2016 said Hotel Developers Plc - which owns a building that houses Colombo Hilton was expropriated by the Rajapaksa regime while being a listed company - would sold in the Colombo Stock Exchange.

Lanka Hospitals, a firm that was bought by cash-rich Sri Lanka Insurance when it was privatized fell into state hands when SLIC was reverted to state hands through court decision during the tenor of Sarath Silva, a controversial Chief Justice, would also be sold off.

Lanka Hospital was then largely under the control ousted Sri Lanka President Mahinda Rajapaksa's brother, Gotabhaya.

Using Sri Lanka Insurance, the Rajapaksa's also bought back Shell Gas which now operates as Litro Gas.

The building that houses Hyatt Hotel, would also be sold off. The Rajapaksa administration also expropriated the half built structure which was part of the collapsed Ceylinco property group and used the funds of cash-rich SLIC to re-build it.

The current administration has alleged corruption, inflated contracts and kickbacks to Rajapaksa appointees who were appointed to handle the money.

State shares in Ceylinco Hospitals would also be sold off.

Mobitel, is a unit of listed Sri Lanka Telecom, which has a Malaysian shareholder. The Sri Lanka Telecom is also at the centre of an alleged asset stripping controversy.

5What will be the future of LHCL ? Empty Re: What will be the future of LHCL ? Sun Nov 22, 2015 2:53 am

vic19

vic19
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Sri Lanka to sell-off state shares in Hilton, Hyatt, hospitals and telco firms

Nov 21, 2015 17:40 PM GMT+0530 | 0 Comment(s)

ECONOMYNEXT - Sri Lanka's will sell-off 'non-strategic' enterprises including hotels, hospitals and a telecom firm, including ones that have been included in corruption scandals in the recent past.

Finance Minister Ravi Karunanayake in his budget speech for 2016 said Hotel Developers Plc - which owns a building that houses Colombo Hilton was expropriated by the Rajapaksa regime while being a listed company - would sold in the Colombo Stock Exchange.

Lanka Hospitals, a firm that was bought by cash-rich Sri Lanka Insurance when it was privatized fell into state hands when SLIC was reverted to state hands through court decision during the tenor of Sarath Silva, a controversial Chief Justice, would also be sold off.

Lanka Hospital was then largely under the control ousted Sri Lanka President Mahinda Rajapaksa's brother, Gotabhaya.

Using Sri Lanka Insurance, the Rajapaksa's also bought back Shell Gas which now operates as Litro Gas.

The building that houses Hyatt Hotel, would also be sold off. The Rajapaksa administration also expropriated the half built structure which was part of the collapsed Ceylinco property group and used the funds of cash-rich SLIC to re-build it.

The current administration has alleged corruption, inflated contracts and kickbacks to Rajapaksa appointees who were appointed to handle the money.

State shares in Ceylinco Hospitals would also be sold off.

Mobitel, is a unit of listed Sri Lanka Telecom, which has a Malaysian shareholder. The Sri Lanka Telecom is also at the centre of an alleged asset stripping controversy.


JanuStock Analytic
What will be the future of LHCL ? Stars17

Posts: 19
Equity Stars: 36
Reputation: 0
Join date: 2015-11-06

What will be the future of LHCL ? Icon_contact_pm

What will be the future of LHCL ? Empty What will be the future of LHCL ? Empty

What will be the future of LHCL ? Empty What will be the future of LHCL ? Empty What will be the future of LHCL ? Emptywhat is funny is even after this all these deals in the last governments , some people in this forum says rajapakshe's are the cleanest people.

yesterday this forum admin staff AllStar said Gota is the cleanest man in the government.

unless he has personally made some gains from this man action/deals  no other common man will EVER say this.

6What will be the future of LHCL ? Empty Re: What will be the future of LHCL ? Mon Nov 23, 2015 5:53 am

Janu


Equity Analytic
Equity Analytic

vic19 wrote:

Sri Lanka to sell-off state shares in Hilton, Hyatt, hospitals and telco firms



Nov 21, 2015 17:40 PM GMT+0530 | 0 Comment(s)



ECONOMYNEXT - Sri Lanka's will sell-off 'non-strategic' enterprises including hotels, hospitals and a telecom firm, including ones that have been included in corruption scandals in the recent past.

Finance Minister Ravi Karunanayake in his budget speech for 2016 said Hotel Developers Plc - which owns a building that houses Colombo Hilton was expropriated by the Rajapaksa regime while being a listed company - would sold in the Colombo Stock Exchange.

Lanka Hospitals, a firm that was bought by cash-rich Sri Lanka Insurance when it was privatized fell into state hands when SLIC was reverted to state hands through court decision during the tenor of Sarath Silva, a controversial Chief Justice, would also be sold off.

Lanka Hospital was then largely under the control ousted Sri Lanka President Mahinda Rajapaksa's brother, Gotabhaya.

Using Sri Lanka Insurance, the Rajapaksa's also bought back Shell Gas which now operates as Litro Gas.

The building that houses Hyatt Hotel, would also be sold off. The Rajapaksa administration also expropriated the half built structure which was part of the collapsed Ceylinco property group and used the funds of cash-rich SLIC to re-build it.

The current administration has alleged corruption, inflated contracts and kickbacks to Rajapaksa appointees who were appointed to handle the money.

State shares in Ceylinco Hospitals would also be sold off.

Mobitel, is a unit of listed Sri Lanka Telecom, which has a Malaysian shareholder. The Sri Lanka Telecom is also at the centre of an alleged asset stripping controversy.


JanuStock Analytic
What will be the future of LHCL ? Stars17

Posts:  19
Equity Stars:  36
Reputation:  0
Join date:  2015-11-06

What will be the future of LHCL ? Icon_contact_pm

What will be the future of LHCL ? Empty What will be the future of LHCL ? Empty

What will be the future of LHCL ? Empty What will be the future of LHCL ? Empty What will be the future of LHCL ? Emptywhat is funny is even after this all these deals in the last governments , some people in this forum says rajapakshe's are the cleanest people.

yesterday this forum admin staff AllStar said Gota is the cleanest man in the government.

unless he has personally made some gains from this man action/deals  no other common man will EVER say this.


Nov 23, 2015 (LBO) – Sri Lanka’s government plans to sell some of state-owned non strategic investments on the Colombo Stock exchange to raise money to reduce debt, Finance Minister Ravi Karunanayake said delivering the 2016 budget in parliament.
“The government is keen to streamline its portfolio of investments and will therefore exit partially or fully from those non-strategic investments in Lanka Hospitals, Hotel Developers PLC (Colombo Hilton), Hyatt Residencies, Waters Edge, Grand Oriental Hotel, Ceylinco Hospital and Mobitel by listing such investments in the Colombo Stock Exchange during 2016,” Karunanayake said.
The portfolio of investments of the government includes not only state-owned enterprises engaged in maintaining and controlling key strategic infrastructure in power generation, transmission, ports, airports, water supply etc., but also investments in hotels, condominiums, etc. that are non-strategic.
He said that the government’s policy in SOEs will be driven by the strategic placement of its investments in relation to the economy.
Karunanayake said the monies generated through such listings will be used to retire high cost debt accrued by the former Rajapaksa regime.
“I note that the strategy of this government is not one sided in so far that while the government will not hesitate to exit from non-strategic assets, nevertheless the government will monitor the market and will also not hesitate to invest in strategic assets locally and internationally should it align with the economic policy of the country.”

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