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AITKEN SPENCE HOTEL HOLDINGS PLC
ANILANA HOTELS AND PROPERTIES PLC
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BLUE DIAMONDS JEWELLERY WORLDWIDE PLC
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CARGO BOAT DEVELOPMENT COMPANY PLC
CEYLON GRAIN ELEVATORS PLC Hot
COLOMBO FORT LAND & BUILDING PLC
COMMERCIAL CREDIT AND FINANCE PLC
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DIALOG AXIATA PLC
DISTILLERIES COMPANY OF SRI LANKA PLC
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HAYLEYS FABRIC PLC
HVA FOODS PLC
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JANASHAKTHI INSURANCE COMPANY PLC
JOHN KEELLS HOLDINGS PLC Hot
JOHN KEELLS HOTELS PLC
L
LANKEM CEYLON PLC
LAUGFS GAS PLC
LUCKY LANKA MILK PROCESSING COMPANY PLC
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NESTLE LANKA PLC
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PEOPLE'S LEASING & FINANCE PLC
PIRAMAL GLASS CEYLON PLC
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RICHARD PIERIS AND COMPANY PLC
RICHARD PIERIS EXPORTS PLC Hot
ROYAL CERAMICS PLC
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SOFTLOGIC LIFE INSURANCE PLC
SRI LANKA TELECOM PLC
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TESS AGRO PLC
TOKYO CEMENT COMPANY (LANKA) PLC Hot
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Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Mon Oct 17, 2016 8:08 am
Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Mon Oct 17, 2016 9:34 am
Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Mon Oct 17, 2016 11:58 am Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Mon Oct 17, 2016 12:21 pm
Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Sun Oct 30, 2016 9:00 pmGL has recently signed a memorandum of understanding on the transaction with CCF to buy a 71.9-per-cent stake in BG Microfinance Myanmar.@PrasannaMani wrote:Ceylon Finance Today: Thai motorcycle leasing company Group Lease PCL yesterday (03) said that they had acquired a 29.99% or 95.3M share stake of Sri Lanka's listed Commercial Credit and Finance (stock code-COCR) for Rs 10,588,345,500 or Rs 10.5B.
The sellers will be BG Investments, Creation Investments and Stephen L. Lafrance Jr, they said. The selling price per share is Rs 111 and yesterday (3) COCR closed at
Rs 54.10 up Rs 1.40 or 2.66%. Group Lease which is a part of Japan's Wedge Holdings Co now has the right to buy the remaining 70 % in COCR if existing shareholders want to sell the stake, Chairman and Chief Executive Mitsuji Konoshita told an overseas joint news conference.
Commercial Credit and Finance (CCF) has assets of $500M, of which one-fifth is in the microfinance business, and expects a net profit of $22M this year, CCF Chief Executive Roshan S. Egodage said
Listed microfinance company Group Lease (GL) plans to collaborate further with CCF to strengthen its microfinance businesses in Indonesia and Cambodia after GL acquired a microfinance company in Myanmar from a CCF shareholder.
GL has recently signed a memorandum of understanding on the transaction with CCF to buy a 71.9-per-cent stake in BG Microfinance Myanmar, a subsidiary of CCF, from BG International Private, a holding company based in Sri Lanka owned by Roshan S. Egodage, who is also chief executive officer of CCF.
GL chairman and CEO Mitsuji Konoshita said the transaction would be made via GL Holdings (GLH), its holding company in Singapore. Egodage said he decided to sell shares to GL because of strict restrictions by the Sri Lankan authorities on capital outflows. GL's successful digital finance business model will contribute to BG Microfinance's rapid expansion while the GL finance model will be implemented in all other countries where GL operates, especially Indonesia and Cambodia, where there are enormous growth opportunities, he said.
CCF does not have a footprint in Indonesia or Cambodia, so collaboration with GL will provide the Sri Lankan firm scope to broaden its operations, Egodage said. Konoshita said GL was ready to inject $6.8M into BG Microfinance to have branches in 12 districts in Myanmar, up from only three now.
"We hope that BG Microfinance's portfolio will dramatically increase from $30M to $40M next year, and monthly profit should increase by 10 times from the current total," he said. Myanmar is providing a big opportunity for GL as it is an emerging market and only five players including BG Microfinance are there, he said. Furthermore, authorities are not giving out any new microfinance or hire-purchase licences. Therefore, it is a great opportunity for GL to expand its market share.
GL recently announced net profit in the second-quarter of THB 255.85M, raising its total first-half profit to THB 478M.
(IG)
Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Tue Nov 01, 2016 8:34 am
Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Tue Nov 01, 2016 9:31 pm Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Tue Nov 01, 2016 11:05 pm@PrasannaMani wrote:http://www.set.or.th/set/pdfnews.do?newsId=14779584022520&sequence=0
Changes as per GL
Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Tue Nov 01, 2016 11:43 pm@Maxime wrote:@PrasannaMani wrote:http://www.set.or.th/set/pdfnews.do?newsId=14779584022520&sequence=0
Changes as per GL
thanks for clear information, COCR 74% takeover but mandatory offer still pending because of share holders approval any time this Announcement can come at 111.00
Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Wed Nov 02, 2016 4:45 am Re: COCR.N0000 Commercial Credit Finance PLC Thai deal Wed Nov 02, 2016 6:56 am
Still working hard on COCR???????????@PrasannaMani wrote:
News Detail
Date/Time 01 Nov 2016 17:28:46
Headline Notification of the acquisitions of shares in Companies in Sri Lanka and Myanmar (revised)
Symbol GL
Source GL
Full Detailed News Download Full Detailed News
http://www.set.or.th/set/pdfnews.do?newsId=14779584022520&sequence=0
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