@Harry82 wrote:he former Credit Suisse Asia Pacific Managing Director and Chief Operating Officer Dumith Fernando-led consortium is upbeat over the opportunity to lead Asia Securities Ltd. to the next level and finds exciting times ahead in Sri Lanka as a frontier market.
Dumith, who will own 75% stake in Asia Securities along with three others, last week signed the Sales and Purchase Agreement (SPA) with Asia Capital to acquire control of one of the top stock-broking firms in the country. York Street Partners will hold an 11% stake and two others are individual investors. The deal is now awaiting formal regulatory approval and will be formally announced thereafter.
May be get 1 Bn capital gain.
If Deal went to 150 Mn ( Rumor, I dnt know actual amount) If i'm wrong pls correct me...
how they get 1 Bn profit for ACAP ????