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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » ASIA CAPITAL PLC (ACAP.N0000)

ASIA CAPITAL PLC (ACAP.N0000)

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301ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty ASIA CAPITAL PLC (ACAP.N0000) Wed Oct 09, 2019 11:23 am

NZ BOY


Moderator
Moderator
ACAP GOOD LEVEL TO ENTER PREDICT 10 or EVEN MORE

302ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Thu Dec 05, 2019 11:21 am

Quibit


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
https://cdn.cse.lk/cmt/announcement_portal_prod/Announcement_1460362568640687.pdf


ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Screen29
ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Screen30
ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Screen31

303ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Thu Dec 05, 2019 11:41 am

Teller


Moderator
Moderator
Big scrap in the cse history

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Asia Capital to undergo restructuring to bring value to both Malaysian, Japanese investors
September, 11, 2020

Appoints Frontier Capital lead Nishan Sumanadeera as legal and financial consultant to restructure and to restore confidence among foreign investors

Amidst ongoing negotiations between key Japanese and Malaysian investors of Sri Lanka’s one of the pioneering investment bank – Asia Capital PLC (ACAP), the company has recently stepped into appoint a legal and financial consultant to restore confidence among the investors to undergo a prudent restructuring process of the group’s assets in order to create more value for investors. Further the move is anticipated to position Asia Capital group’s future direction.

Accordingly in an official letter Asia Capital PLC has appointed Frontier Capital Partners, a firm headed by renowned Investment Banker Nishan Sumanadeera as the legal and financial consultant to head restructuring and to restore confidence among foreign investors of Asia Capital PLC.

“We have appointed Mr. Sumanadeera to relook at our assets portfolio and we are confident that he will guide the future direction of the Asia Capital group to add value and to drive innovation to the original investments made by the foreign investors in the company” Executive Director of Asia Capital PLC, Stefan Abeyesinhe said.

“We will also look at further diversification going forward as a group into new sectors. Financial services would be a main focus along with shipping, logistics and imported substitution related industries” Abeyesinhe added.

Speaking on the appointment of Frontier Capital Partners, Nishan Sumanadeera went on to say that he will relook at Asia Capital’s best assets and financially re-engineer them to be the key revenue generating assets to sustain the balance sheet and will make sure the foreign investor confidence will remain strong, robust and certain in Sri Lanka and especially in Asia Capital PLC.

Sumanadeera had already previously worked for Asia Capital PLC prior to his retirement from the Sri Lanka’s pioneering investment banking group in 2009 before the current senior management was appointed.

“The investors of this company has entrusted their confidence in me and Frontier Capital team’s financial and legal guidance to make sure Asia Capital will be positioned back to the place it had during the golden days of Investment Banking in Sri Lanka, when Asia Capital was the House that raised the Financial Whiz-Kids of this country” Nishan Sumanadeera assured.

“As a progressive, visionary corporate entity, at Asia Capital we focus our every effort on creating exceptional value for our stakeholders, ensuring the foreign investment in Sri Lanka remain for the robust growth of our economy in these turbulent times to press ahead with confidence, and move into the future” Sumanadeerras said adding that their longstanding expertise, industry knowledge, diverse portfolio and unmatched skills ensure ACAP remain relevant and competitive, enabling them to champion wealth creation for shareholders and customers through unmatched investment opportunities in leisure, project management, investment banking, advisory services, property management, real estate, asset management and information technology. “We are always ready to add to our ever expanding tapestry of spheres, aligned to our business strategies” Sumanadeera added.

Meanwhile in an official letter released to Colombo Stock Exchange (CSE) earlier Asia Capital PLC’s Executive Director Stefan Abeyesinhe has clarified the contents of a media report published recently. In the letter Abeyesinhe points out that “While certain investors have expressed their concerns with respect to Asia Leisure Sector, no details or particulars of any 'malpractices by senior management (which are denied) were proved or substantiated”. He further notes that in fact two Japanese nationals representing the Japanese investors were and are in the boards of directors of ACAP and that currently there are discussions carried on an amicable manner with respect to some of the subsidiaries and associated companies of Asia Capital PLC.

Nishan Sumanadeera is renowned in Sri Lanka as the post war era emerging investment banker turned Attorney and Double Qualified Accountant and his company Frontier Capital Partners has transferred some of the country’s prominent group companies to conglomeration in the post war era from 2009 to 2019, in a decade. Sumanadeera is a multifaceted professional with over 20 years of experience in investment banking, corporate law and accounting whilst he and his investment bank Frontier Capital Partners had been instrumental and facilitated the conglomeration conversion of three major companies – Lankem Group, LOLC Group and Softlogic Group – in post-war Sri Lanka from 2009-2013. Frontier Capital Partners led by Sumanadeera and team in 2009 facilitated the C.W. Mackie sale for Lankem Group worth over Rs. 1.4 billion, in 2010 Confifi Hotel Group sale for LOLC and Browns group worth Rs. 2.5 billion and in 2011 Softlogic Holdings’ proposed acquisition of Asian Alliance Insurance worth over Rs. 3.3 billion and in 2013 a placement of 10% shareholdings of National Development Bank (NDB) for a consortium of investors including the Softlogic Group.

Asia Capital PLC, started as a Securities trading company in the early 1990s, specializing in stock brokering, the and later expanded its business portfolio to encompass the larger share of the investment banking market in Sri Lanka. As Asia Capital PLC (ACAP), company ventured into diverse industries and sectors to fulfil the vision and become a powerhouse providing value-added investment opportunities and unmatched wealth creation services. Currently, operations consist of leisure, project management, investment banking, and advisory services. Asia Capital also have a presence in property management, real estate, asset management and information technology services. Asia Capital PLC’s 76% is owned by Malaysians whilst 16% is owned the Japanese investors.

http://bizenglish.adaderana.lk/asia-capital-to-undergo-restructuring-to-bring-value-to-both-malaysian-japanese-investors/

305ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Fri Sep 11, 2020 8:18 pm

nathanfornash


Equity Analytic
Equity Analytic
Looks fishy. If everything is under control why do they need to bring a fellow who has left the company 10 years ago?

nathanfornash likes this post

306ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Sat Sep 12, 2020 12:14 am

Eranga87


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
ACAP N


ACAP every year sold its most valuable business. few of them,

Asian Alliance Insurance PLC
Asia Asset Finance PLC
Asia syaka commodities PLC
Asia Securities Pvt ltd

I never believe benefits giving its shareholder from this undergoing restructuring program.

nathanfornash likes this post

307ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Sat Sep 12, 2020 11:02 am

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
@nathanfornash wrote:Looks fishy. If everything is under control why do they need to bring a fellow who has left the company 10 years ago?

Nishan Sumanadeera is renowned in Sri Lanka as the post war era emerging investment banker turned Attorney and Double Qualified Accountant and his company Frontier Capital Partners has transferred some of the country’s prominent group companies to conglomeration in the post war era from 2009 to 2019, in a decade. Sumanadeera is a multifaceted professional with over 20 years of experience in investment banking, corporate law and accounting whilst he and his investment bank Frontier Capital Partners had been instrumental and facilitated the conglomeration conversion of three major companies – Lankem Group, LOLC Group and Softlogic Group – in post-war Sri Lanka from 2009-2013. Frontier Capital Partners led by Sumanadeera and team in 2009 facilitated the C.W. Mackie sale for Lankem Group worth over Rs. 1.4 billion, in 2010 Confifi Hotel Group sale for LOLC and Browns group worth Rs. 2.5 billion and in 2011 Softlogic Holdings’ proposed acquisition of Asian Alliance Insurance worth over Rs. 3.3 billion and in 2013 a placement of 10% shareholdings of National Development Bank (NDB) for a consortium of investors including the Softlogic Group.

Asia Capital PLC, started as a Securities trading company in the early 1990s, specializing in stock brokering, the and later expanded its business portfolio to encompass the larger share of the investment banking market in Sri Lanka. As Asia Capital PLC (ACAP), company ventured into diverse industries and sectors to fulfil the vision and become a powerhouse providing value-added investment opportunities and unmatched wealth creation services. Currently, operations consist of leisure, project management, investment banking, and advisory services. Asia Capital also have a presence in property management, real estate, asset management and information technology services. Asia Capital PLC’s 76% is owned by Malaysians whilst 16% is owned the Japanese investors.

308ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Sat Sep 12, 2020 12:18 pm

Teller

Teller
Moderator
Moderator
This is the number one company cheated shrare holders hard earned money . Time to time they are coming with stories and make rallies there after dump and goes. Check the stock chart of this company . You can understand what i say .


_________________




Teller said is said..

nathanfornash, Eranga87 and judecroos like this post

309ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Sat Sep 12, 2020 3:31 pm

nathanfornash


Equity Analytic
Equity Analytic
@ChooBoy wrote:
@nathanfornash wrote:Looks fishy. If everything is under control why do they need to bring a fellow who has left the company 10 years ago?

Nishan Sumanadeera is renowned in Sri Lanka as the post war era emerging investment banker...

He may be good, but question is if the current management is good and above board then why should they bring in someone from 10 years ago? Should we release our holdings?

310ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Sat Sep 12, 2020 4:28 pm

judecroos


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@Teller wrote:This is the number one company cheated shrare holders hard earned money . Time to time they are coming with stories and make rallies there after dump and goes. Check the stock chart of this company . You can understand what i say .
yes yes... you said the correct words to explain about this company.
Teller what do think of DFCC ?

311ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Sun Sep 13, 2020 5:10 pm

Win Win


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
@judecroos wrote:
@Teller wrote:This is the number one company cheated shrare holders hard earned money . Time to time they are coming with stories and make rallies there after dump and goes. Check the stock chart of this company . You can understand what i say .
yes yes... you said the correct words to explain about this company.
Teller what do think of DFCC ?
Dear Teller

Highly appreciate if you can explain about DFCC comparing other major banks SAMP, HNB, COMB, NDB !!

God Father


Manager - Equity Analytics
Manager - Equity Analytics
ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Img_4410

Japanese stock broker Toshiaki Tanaka who is in the board of Asia Capital trade shares with inside information amidst company restructuring. Mr. Tanaka being a director was involved in negotiations on behalf of Japanese have divested his shares in Asia Capital before the dissemination of information to the public. Thereby, violating the Rule 16 of the regulations of the securities and exchange committees.
This is a startling revelation in comparison to the insider dealing of Dr. Sena Yaddehige in respect of a plantation company.

Insider Trades by Mr Toshiaki Tanaka

ASIA CAPITAL PLC (ACAP.N0000) - Page 16 E7534411

Mr Toshiaki Tanaka failed to inform the CSE regarding the trading of Asia Capital Shares which compelled the Secretaries of the companies to qualify the disclosure.

ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Img_4411

Asia Capital disclosure regarding the restructuring.

ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Screen39

Offenses under SEC Regulations.

Offences Under the SEC Rules Gazette No.1215/2 of 18th December, 2001

In addition to the specific offences set out above, the contravention of any of the provisions of the SEC Act or Rules and Regulations made thereunder shall be an offence as stipulated in Section 51(1)(a) referred to above.

(11)  Rule 12: Any person who creates a false or misleading impression of active trading or a false or misleading impression regarding the price of any securities shall be guilty of an offence.
(12)  Rule 13: Any person who creates a false market in listed securities shall be guilty of an offence.
(13)  Rule 14: Any person who front-runs his client in the manner provided in Rule 14 shall be guilty of an offence.
(14)  Rule 16: Any listed company which does not supply with immediate effect any price-sensitive information concerning such company to the stock exchange is guilty of an offence.

https://www.sec.gov/

judecroos likes this post

313ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Sun Nov 08, 2020 4:14 pm

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
penny stock worth a look.

447 Luna Tower – Transforming the Colombo skyline

Soon to be completed luxury condominium ‘447 Luna Tower’, offering impeccable value to those seeking to purchase real estate in Colombo, recommenced construction as of 18th May 2020 adhering to the guidelines issued by Ministry of Health & other government institutions. Therefore, strict hygiene protocols have been implemented within the site that includes special provisions for safety equipment, body temperature checks, regular sanitizing procedures, dedicated lifts for visitors etc.

Commenting further, Sandun Hettige Jt. Group COO Asia Capital PLC said, “We strongly believe that it is our role and responsibility at this difficult time to achieve development progress while ensuring the safety of everyone involved. In this regard, we have controlled the level of activity with sensible compromise on the number of workers within the site for the moment. Rest assured, we are taking all possible mitigation actions to regain for the lost time.”

Having commenced construction in the fourth quarter of 2016, 447 Luna Tower is located in the heart of Colombo at Union Place and offers investors an affordable yet unique value proposition through a 44-storey architectural masterpiece accommodating 202 spacious apartments. This development is perfectly positioned to offer its clients the convenience of living in the heart of the city, with easy access to workplaces, leading supermarkets, banks, and schools.

With a total investment of approximately USD 50 million, the project is fully funded by the Japanese conglomerate Belluna Co. Ltd along with the local partner Asia Capital PLC. 447 Luna Tower is Belluna Co.’s third project in Sri Lanka which collectively amounts to an investment in the country of over USD 450 million.

Belluna Co. Japan has also invested in a 300-room city hotel on Marine Drive in Colombo 3 which is planned to be open mid-2021; an ultra-luxurious 57 room resort known as Le Grand in Galle which opened in August 2018; as well as their first resort endeavor with Marriott International, debuting the Westin Maldives Miriandhoo Resort entailing 70 villas opened in October 2018.

447 Luna Tower has been designed and constructed in consultation with Japanese engineers thus ensuring technical and structural expertise throughout the construction process. A team of representatives from Belluna Co. Ltd regularly inspects the quality of construction to reaffirm their unwavering commitment towards delivering only the highest quality offering.

The partnership with Belluna Co. Ltd, Japan and the initiative to run the project as a fully equity funded development continues to re-affirm investment security for clients of 447 Luna Tower. Furthermore, Belluna Co. Ltd has expressed their unwavering confidence during this time towards the success of 447 Luna Tower and the overall Sri Lankan real estate market.

Exclusive to its residents, the apartment is further equipped with facilities and amenities that offer a 360-lifestyle solution. The show floor has been completed on the 18th floor and is available for viewing to inspect the quality of the finishes. With a payment of 20% of the total price, investors can buy into the offering and pay the remaining 80% at handover.

http://bizenglish.adaderana.lk/447-luna-tower-transforming-the-colombo-skyline/

314ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Wed Nov 25, 2020 3:01 pm

CHRONICLE™

CHRONICLE™
Admin
ASIA CAPITAL PLC (ACAP.N0000) - Page 16 D978f010

Invetment banking business likely to take off. Asia Capital is in the forefront to benefit in the near term.
Asia Capital PLC is an investment bank. The Company's principal activities include corporate finance, asset management, treasury management, financial services and hotels. The Company's segments include Investments; Stock Brokering; Deposit Mobilisation and Credit; Leisure; and Services. The Company's operations offer various services, which include investment banking, asset management, fixed income securities trading, finance house operations (asset leasing, deposit mobilization) and information technology services. The Company offers a range of advisory services from the developing of strategic concepts till their execution. The services that it offers in an advisory capacity include acquisition searches; initial public offerings (IPOs); financing and sell side advisory services, and thematic industry research. The Company offers the services of structuring, execution and initiation of public, as well as private equity products for individual companies and financial sponsors.

https://www.srilankachronicle.com

315ASIA CAPITAL PLC (ACAP.N0000) - Page 16 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Wed Nov 25, 2020 5:03 pm

invest thinker

invest thinker
Manager - Equity Analytics
Manager - Equity Analytics

@CHRONICLE:tm:





*Asia Securities Pvt. Ltd company has not been in any way related to or part of Asia Capital PLC, any of its subsidiaries or affiliates since January 05, 2015. therefore, ACAP haven't any stock brokering activities.


*Asia Digital entertainment Pvt. Ltd, done only 2 films such as common man & flying fish. 


*Asia wealth mgt., Asia growth fund 1 & Asia fort sri lanka direct investment not actively perform.


*Asia asset finance sold out.


*Asian Alliance insuarance PLC sold out




nothing potential growing ACAP, For me. 

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Asia Capital to broad base shareholding to match minimum public float
November, 26, 2020

Leading and pioneering investment bank in Sri Lanka Asia Capital PLC (ACAP) will soon broad base the shareholding to be in compliance with public floating requirements stipulated by the Listing Rues of Colombo Stock Exchange.

“We will soon look at opportunities of broad basing our public float to match with Colombo Stock Exchange’s Rules on minimum public holding” ACAP Chief Executive Officer and Executive Director Stefan Abeyesinhe said.

He further said that soon after Nishan Sumanadeera was appointed as legal and financial consultant in September this year, the company has undergone initial phase of restructuring and had almost sorted all the business-related concerns with Japanese investors.

“We are on the process of relooking and focusing at Asia Capital’s astute investors and our best assets in order to financially re-engineer them to be the key revenue generating assets to sustain the balance sheet with the guidance of our consultant team appointed by our key shareholders” Abeyesinhe assured highlighting on the latest initiatives by ACAP group.

Current market capitalization of ACAP is valued at nearly Rs. 1 billion represented by 131,329,995 ordinary voting shares according to latest financials as at 30th September 2020.

Colombo Stock Exchange (CSE) listing rules currently outline that Listed Entity whose shares are listed on the CSE shall maintain a Minimum Public Holding Requirement on a continuous basis, and thus according to the rules Asia Capital must maintain a minimum of 20% minimum public holding of shares as per the float adjusted market capitalization.

Abeyesinhe noted that ACAP has already informed Colombo Stock Exchange that the company is in the process of addressing the said Rule during the permitted period of compliance. As at 30th October 2020 Asia Capital’s existing Float Adjusted Market Capitalization stands at Rs. 154,136,943.85 with a Public Holding Percentage 18.93 % with 6,036 public shareholders.

http://bizenglish.adaderana.lk/asia-capital-to-broad-base-shareholding-to-match-minimum-public-float/

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