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

ASIA CAPITAL PLC (ACAP.N0000)

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476ASIA CAPITAL PLC (ACAP.N0000) - Page 20 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Wed Nov 25, 2020 5:03 pm

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/

478ASIA CAPITAL PLC (ACAP.N0000) - Page 20 Empty Asia Capital - Rays of Resilience Sat Apr 03, 2021 4:47 pm

Lotus Eater


Senior Equity Analytic
Senior Equity Analytic
ASIA CAPITAL PLC (ACAP.N0000) - Page 20 110

https://pdfhost.io/v/52erbfzE7_Asia_Capital_Research_Paper.pdf

Asia Capital PLC started as a securities trading company in the early 1990s, specialising in stock brokering, and later expanded its business portfolio to encompass the larger share of the investment banking market in Sri Lanka.

As Asia Capital PLC (ACAP), the 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 has a large  presence in hotels sector through Asia Leisure holdings whilst they also specialise in property management, real estate, asset management and information technology services.

Asia Capital has entered into Stock Brokering business by acquiring Navara Securities. Asia Capital PLC’s 92% is owned by Malaysian business tycoon Dato Vijay Eshwaran and his companies.

ASIA CAPITAL PLC (ACAP.N0000) - Page 20 210
ASIA CAPITAL PLC (ACAP.N0000) - Page 20 310
ASIA CAPITAL PLC (ACAP.N0000) - Page 20 410
ASIA CAPITAL PLC (ACAP.N0000) - Page 20 510

https://pdfhost.io/v/52erbfzE7_Asia_Capital_Research_Paper.pdf

479ASIA CAPITAL PLC (ACAP.N0000) - Page 20 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Tue Aug 31, 2021 7:27 pm

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Internal Investigations lead to resignation of two Jt. COOs from Asia Capital PLC
August, 30, 2021


Asia Capital accepts resignation of Reyhan Morris, Sandun Hettige subject to an Independent Audit

Two Joint Chief Operating Officers Reyhan Morris & Sandun Hettige at Sri Lanka’s pioneering investment bank Asia Capital PLC has submitted resignations despite an upcoming internal independent audit, two resignation letters accepted by the company reveals.

Accordingly, in the letters dated 21st July and 11th August 2021 respectively, addressed to Reyhan Morris and Sandun Hettige from Asia Capital PLC, signed by Director Raju Radha note that both their resignations from the position as Joint Chief Operating Officers at Asia Capital PLC, Chief Executive Officer at Asia Leisure Holdings held by Morris and Chief Investment Officer position held by Hettige has accepted subject to an independent audit to be carried out with regard to affairs of the company during their serving period.

The two letters further note that as requested by the both individuals’ letters for good standing shall be issued subject to audit findings.

In late August 2020 it was reported in the media that longstanding Japanese shareholders of Asia Capital PLC (ACAP) were demanding their money amounting to US $ 18 million back plus interest and legal fees alleging no return on investment due to serious malpractices by senior management.

That time in a leaked letter it was revealed that the apparent disappointment and extreme and unprecedented action of demanding money back is because ACAP hasn’t provided any return on their investments and Japanese have alleged malpractices and irregularities by the senior management of the company. That time Japanese investors held nearly 15% stake in ACAP with the first investment made way back in 2012 and there were two Japanese Directors on the Board. In the leaked letter Japanese that time had further clarified that they are not against the company but specifically over the loss of faith and confidence in the senior management which includes then Director/CEO Stefan Abeyesinhe and two Chief Operating Officers Reyhan Morris and Sandun Hettige.

Meanwhile Asia Capital official sources on the grounds of anonymity, highlighted that Reyhan Morris has tendered resignation dated 9th July to be effective from 27th August 2021 and Sandun Hettige has tendered the resignation dated 5th August to be effective from 30th September 2021. The two letters further note that Morris and Hettige held further directorships in 13, 15 companies respectively in Asia Capital group.

About two weeks ago, reports revealed another Director at Asia Capital Toshiaki Tanaka resigned from Asia Capital PLC upon inquiry on his vested deals with Japanese . Reports revealed that upon a year in restructuring the Japanese – Malaysian investments Asia Capital PLC on Tuesday the 18th August 2021 disclosed to Colombo Stock Exchange that Toshiaki Tanaka had resigned from the board with effect from the same day. Media reports highlight that Toshiaki Tanaka has sent his resignation letter when an audit inquiry was called by the entire board of directors at Asia Capital PLC about Tanaka’s dealings with the other Japanese investors who had pumped in money to Asia Capital but complicated the owning structure for leisure investments it had made that had vested grips with the Japanese.

Accordingly, reports revealed a leaked letter sent to Tanaka that highlights Asia Capital had demanded over Rs. 77 million from Tanaka for causing failure in continuation of other Japanese investors’ relationship, since now a complete breakdown of relationship has occurred from the side of Japanese investors.

http://bizenglish.adaderana.lk/internal-investigations-lead-to-resignation-of-two-jt-coos-from-asia-capital-plc/

480ASIA CAPITAL PLC (ACAP.N0000) - Page 20 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Tue Aug 31, 2021 8:17 pm

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Toshiaki Tanaka resigns from Asia Capital PLC; CSE Informed
By Staff Writer - August 19, 2021 11:02 am 2296

Japanese Deal Maker Tanaka resigns from Asia Capital PLC upon inquiry on his vested deals with Japanese

Upon a year in restructuring the Japanese – Malaysian investments that were in a hot Tom Yum soup, Sri Lanka’s pioneer in investment banking Asia Capital PLC recently on Tuesday the 18th August 2021 disclosed to Colombo Stock Exchange that Toshiaki Tanaka had resigned from the board with effect from the same day.

However, amidst Tanaka’s resignation, it is now revealed in country’s capital market circles that Toshiaki Tanaka has sent his resignation letter when an audit inquiry was called by the entire board of directors in the company about Tanaka’s dealings with the other Japanese investors who had pumped in money to Asia Capital but complicated the owning structure for leisure investments it had made that had vested grips behind the scenes with the Japanese.

Accordingly, a leaked letter sent to Tanaka highlights that Asia Capital had demanded over Rs. 77 million from Tanaka for causing failure in continuation of other Japanese investors’ relationship, since now a complete breakdown of relationship has occurred from the side of Japanese investors.

https://newshub.lk/en/2021/08/19/toshiaki-tanaka-resigns-from-asia-capital-plc-cse-informed/

481ASIA CAPITAL PLC (ACAP.N0000) - Page 20 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Tue Aug 31, 2021 8:20 pm

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Toshiaki Tanaka resigns from Asia Capital PLC amidst investigations

Published on the thu Aug 19, 2021 3:48 pm | 179 Views

* Toshiaki Tanaka resigns from Asia Capital PLC amidst audit investigation and acute conflict of interest.

* Raju Radha appointed to the Executive Committee of Asia Capital PLC

* Asia Capital PLC to recommence Stock Brokering activities soon.


Upon a year in restructuring the Japanese - Malaysian investments that were in a hot Tom Yum soup, Sri Lanka's pioneer in investment banking Asia Capital PLC recently on Tuesday the 18th August 2021 disclosed to Colombo Stock Exchange that Toshiaki Tanaka had resigned from the board with effective from the same day.

However, it is now revealed in country's capital market circles that Toshiaki Tanaka has send his resignation letter when an audit inquiry was called by the company relation to Tanaka's controversial dealings with the other Japanese investors who had invested in the leisure sector of Asia Capital PLC. According company sources Toshiake Tananka has acted in conflict of interest by representing and earning commissions from both parties without any disclosure.

According to sources Asia Capital had demanded over Rs. 77 million from Tanaka for causing loss and failure in continuation of other Japanese investors' relationship, since now a complete breakdown of relationship has been occurred from the side of Japanese investors.

Asia Capital PLC acquired the controlling interest in Navara Securities (pvt) Ltd which is a licensed Member of the Colombo Stock Exchange in January 2021. New Stock Brokering company which has been renaned as Asia Capital Stock Brokers www.acapstockbrokers.lk is likely to commence operations shortly according to their official website.

Asia Capital PLC was the previous owners of Asia Securities (pvt) Ltd which was sold to Dumith Fernando current Chairman of the Colombo Stock Exchange in 2011 for a price disclosed to be around LKR 400mn.

In September 2020 Asia Capital PLC appointed Nishan Sumanadeera led Frontier Capital Partners Ltd as the Legal and Financial Consultant to the group for the restructuring and to bring value to the Japanese and Malaysian investors. Since then Asia Capital PLC has undergone the first phase of restructuring which has resulted in settlement of key Japanese investors whilst acquiring the strategic Stock Brokering company Navara Securities (pvt) Ltd.

Raju Radha was appointed as an Independent Non-Executive Director on the Board of Asia Capital PLC in February 2021. Raju has had his early education at St. Peter’s College – Colombo and holds a BSc. In Business Management from the University of London. He has a vast knowledge and experience in handling a number of businesses in various fields, including Shipping, Logistics, Media, Property Development and Trading.

Radha was the Managing Director of Sea Services, Director of Greenlanka Shipping and the Chairman of Vauxhall Shipping. In addition, Raju was the Founder/Director of Radaan Media Works India and Director of Radaan Talent Factory. Presently, Raju is the Managing Director of SAR Shipping, SAR Maritime, SAR Trading and the Chief Operating Officer of Greenlanka Property Developer.

https://cdn.cse.lk/cmt/announcement_portal_prod/Resignation%20of%20T.Tanaka_69529875525174.pdf

482ASIA CAPITAL PLC (ACAP.N0000) - Page 20 Empty Re: ASIA CAPITAL PLC (ACAP.N0000) Tue Aug 31, 2021 8:24 pm

ChooBoy


Manager - Equity Analytics
Manager - Equity Analytics
Renewed Optimism
Surmounting unexpected challenges has been the order of the day in 2020. Unfortunately, all business problems impact us in different ways, ranging from demotivation to rejuvenation. At Asia Capital, we chose to remain in the optimistic spectrum as we strive to overcome new obstacles with innovative strategies and solutions. This has kept us resilient in the past and will drive us in the future.
Whilst we endeavour to remain buoyant and enthusiastic in the face of calamity and catastrophe as a team, we never lost sight of our responsibility to our stakeholders and indeed to ourselves to grow and develop our conglomerate of companies. Towards this end we have been persistently dynamic, rethinking our plans and revisiting our tactics whenever necessary, yet maintaining our position of stability and steadfastness of resolve as we move forward.


Chairman’s Statement
THE KEY HIGHLIGHT OF THE YEAR WAS THE COMPANY’S ACQUISITION OF A MAJORITY STAKE OF NAVARA CAPITAL PARTNERS LTD (NCPL) AS PART OF OUR DIVERSIFICATION PLAN BECAUSE OF THE INCIDENTAL RISKS OF CONFINING TO A LIMITED NUMBER OF BUSINESSES. THE GOAL OF THIS
STRATEGIC MOVE IS TO RE-ENTER THE STOCK BROKING BUSINESS AT A TIME WHEN CAPITAL MARKETS IN SRI LANKA SHOWED RESILIENCE AND PROMISE.
The financial year 2020/21 was riddled with difficulties simply due to the devastating impact the pandemic had with the resultant impact on the Sri Lankan economy and for that matter of the world.
Given the bans on international travel and various lockdowns from time to time, the Tourism Industry was negatively impacted at unprecedented levels. With no revenue being generated the Company had to take various cost cutting measures at every level although staff remuneration reductions were kept to a bare minimum as the Company recognised its employees are their most valuable asset.

The key highlight of the year was the Company’s acquisition of a majority stake of Navara Capital Partners Ltd (NCPL) as part of our diversification plan because of the incidental risks of confining to a limited number of businesses. The goal of this strategic move is to re-enter the stock broking business at a time when capital markets in Sri Lanka showed resilience and promise.

With international tourists almost absent and local guests down to a mere trickle, drastic cost reduction methods were necessitated to soften the financial impact. All hotels operated with minimum number of employees while the corporate office team switched to working from home thereby ensuring their safety and minimising operational costs. Asia Leisure hotels rapidly responded to the changing requirements of the pandemic by obtaining the KPMG Sri Lanka’s Safe and Secure hotels certification which enabled us to deploy various safety protocols at all our hotels as per the required health guidelines. In this way the necessary preparations were anticipated and addressed to revise when the opportunity arises.
Meanwhile, the Corporate Finance Department had to change its approach during the year by pivoting towards advising Group subsidiaries on strengthening and streamlining their operational efficiencies to meet the obvious challenges.

With the COVID vaccination program reaching unprecedented levels we are hopeful to see light at the end of the tunnel in the not too distant future when business could reach normalcy as it has done in some European states. Accordingly, we must not be disheartened and pessimistic but see how we can emerge when the time and the opportunity arrives.

I like to take this opportunity to extend my thanks to my fellow directors for the cooperation they extended and to the staff for their commitment. We have no option but to await and wish for better times.
J.H.P. Ratnayeke
Chairman
25th August 2021


Review of group operations
IT IS CLEAR THAT THE FINANCIAL YEAR 2020/21 WILL GO DOWN IN HISTORY AS ONE THAT WITNESSED UNPRECEDENTED UPHEAVALS AND BUSINESS CHALLENGES PRIMARILY DUE TO THE COVID-19 PANDEMIC THAT BROKE OUT IN EARLY 2020 AND CONTINUES TO ADVERSELY INFLUENCE EVERY ASPECT OF OUR LIVES EVEN TODAY.

It is clear that the financial year 2020/21 will go down in history as one that witnessed unprecedented upheavals and business challenges primarily due to the COVID-19 pandemic that broke out in early 2020 and continues to adversely influence every aspect of our lives even today. Following the horrific Easter Sunday attacks of 2019, Sri Lanka has undergone a dark period of uncertainty from which the country seemed to be emerging in early 2020 until the pandemic struck. The pandemic brought the healthcare systems and economies of virtually the entire world to a standstill, disrupting international travel and trade as well as local supply chains. The global economic downturn triggered by the pandemic saw the Sri Lankan economy contracting by 3.6% in real terms in 2020, highlighting the impact of the difficulties faced by the country during the year. It was a nightmare scenario for a large majority of industries while a minority benefitted to a great extent. Unfortunately, ACAP is not in that minority as the principal activities of the Group include corporate finance, asset management, treasury management, dealing and investing in securities, financial services and operating hotels.

FINANCIAL PERFORMANCE
REVIEW OF OPERATIONS
While the debt moratoriums introduced by the Government have certainly had a positive impact, it must be taken into account that such moves are only temporary solutions to the ever-increasing burden of debt management. This is one of the main reasons for the Group to exit the smaller high debt ratio properties during the year and focus on larger properties that have a lower debt ratio.
The fast-changing, uncertain nature of the economic landscape allowed ACAP management to relook and focus on Asia Capital’s investors to financially re-engineer the asset base. In December, as part of our expansion plan, ACAP entered into a share purchase agreement to acquire 70% stake of Navara Capital Partners Ltd. (NCPL) with the aim of re-entering the market and recommencing stock brokering business at a time when capital markets in the country were performing well due to policy certainty prevailing in the current economic landscape of the country. ACAP acquired 3,536,400 ordinary voting shares representing 70% of NCPL held by Navara Capital Ltd. as per the agreement entered by both parties. While we hope to commence operations of the new venture towards the latter part of 2021, the management will continue to focus on expanding into new business avenues to broad base the Group’s revenue streams.

TRAVELS
The global ban on international travel meant that our Travels business also suffered a substantial drop in revenue. Due to the lockdowns and general reluctance to travel around the country, the office was closed for large parts of the year as the staff operated from home. After the first lockdown, the Travels team was able to put together innovative social media campaigns targeted at local travellers with business, channelled directly to Asia Leisure hotels.
Tourism was almost non-existent during the year under review as the bans on international travel and lockdown from March 2020 onwards meant that all our Travels and Hotels businesses were significantly affected. The local travel that took place when the first lockdown eased in June resulted in some revenue to the hotels. However, with revenue streams severely restricted, the key focus during the year was on cost reduction on all fronts. Although staff remuneration was one area that many companies in the country looked towards when considering cost reduction, at ACAP, significant efforts were made to refrain from reducing salaries and laying off employees although as the pandemic wore on, some adjustments were inevitable given the gravity of the situation. Overall, through prudent cost cutting measures, the Group was able to reduce operating expenses by 46%.

PROJECT OPERATIONS
Although there was a marginal recovery after the Easter Sunday attacks, the disruption caused by the COVID-19 pandemic was unprecedented for project development as reduced productivity and lack of focus complicated the business environment for project development considerably. Curfews, travel restrictions and socially distancing affected the operations at construction sites, negatively impacting project completion deadlines. Additionally, there was an increase in costs due to the need to adhere to special health guidelines and a result of reduced efficiency.
447 Luna Tower has reached 92.3% overall working progress with the key highlight during the year being the completion of the super structure and building facade. Currently, the finishing works are being attended to with an overall project completion target of October 2021. Marine Drive Hotel has achieved 97.23% overall working progress with the key highlight being the completion of the super structure. The finishing and interior works are currently being attended to and the expected project completion deadline is December 2021. Meanwhile, the Galle Beach Hotel project has entered its final phase with the super structure being completed. This final phase, which included the commissioning of the finishing works, commenced towards the end of the Financial Year 2019/20 and is expected to be completed by end 2021.

LEISURE
During the first lockdown period, far-reaching cost reduction methods were introduced, and all hotels were operated with minimum number of staff members. The corporate office activities were carried out remotely to ensure the safety of employees and minimise the operational costs. During this period, all Asia Leisure (AL) hotels were certified by KPMG Sri Lanka as Safe and Secured hotels. Accordingly, numerous safety protocols were established at all AL hotels as per the required health guidelines. Overall, with the announcement of closure of international borders in mid-March 2020, AL was hit with a large number of cancellations for future reservations as well as weddings amounting to over USD 175,000. Despite the challenging circumstances, AL was able to successfully maintain the high-quality standards resulting in the customary high rankings on Trip Advisor and Booking.com.
As a strategic restructure, during the year ACAP has disposed its investment in Shinagawa Beach Resort (Pvt) Ltd by swoping majority shares of Beach Resort Kosgoda (Pvt) Ltd (The Habitat Hotel) in order to maximise benefits to the shareholders.

CORPORATE ADVISORY
The repercussions of the pandemic meant that Corporate Finance Department had to refine its approach during the year. Resultantly, the Corporate Finance Department spent a majority of the financial year advising Group subsidiaries on strengthening their operational efficiencies while also searching for avenues of business growth, enabling ACAP to venture into new fields. The Department focused on identifying the critical measures that were needed to streamline the operations of the Group’s subsidiaries and support them to alleviate the impact of the pandemic.
One of the approaches taken by the Group to minimise the loss of valued employees was the reallocation of staff to different areas, primarily the Head Office staff to the new securities business. One of the main positives in expanding to a domain where we have experience in is that the Group readily has a number of employees with the qualifications, experience and expertise to take the business forward rapidly. Therefore, there is no requirement to recruit new staff, and this in return helps the Group to maintain the current cost structure while increasing our revenue streams.
The Parliamentary Elections of 2020 resulted in the strengthening of the Government’s position due to the 2/3rd majority obtained. This is a much-needed positive development for the country as such a stable Government is a prerequisite for the establishment of consistent, long- term economic policies and instils confidence in foreign investors as well as local enterprises and entrepreneurs. Unfortunately, the prolonging of the pandemic has greatly delayed any positive impact that would have been achieved had the economic landscape been normal.

MANAGEMENT CHANGES
During the year Mr. S.A. Abeysinhe, who was acting as an Executive Director of the Company, resigned with effect from 31st March 2021. He continues to serve as a Non-Independent, Non-Executive Director of the Board of Directors of the Company. With the resignation of Mr. Abeysinha from his executive role, the responsibilities of the day today executive functions have been assigned to the Group CFO and Joint COO’s under the guidance of Board of Directors.

FUTURE FOCUS
With Sri Lanka’s vaccination rollout happening smoothly, we believe that there is light at the end of this dark tunnel and that the year 2022 will hopefully see the country and the economy returning to some form of normalcy. A lot will be riding on the outcome of the upcoming tourist season as the Tourism Industry badly requires a boost sooner rather than later. While remaining hopeful that the capital markets pick up, there are some positive signs in the form of low interest rates and IPOs of several new companies.

The pandemic has increased the use of technology at every level and it is clear that the way forward for the Company is to build on that aspect by becoming more tech dependent and less human resources dependent. The existing staff will be given additional training on how to further improve their efficiency levels by better utilisation of multi-tasking and technology. Elements such as working from home, online meetings, and online trainings will be continued with to reduce costs, save time and increase communication. Further, we have begun investing heavily into deploying a world-class IT system for Asia Stockbrokers in order to provide us an edge as we attempt to re-establish ourselves in the industry.

APPRECIATIONS
As we come to the conclusion of our review, we would like to take this opportunity to thank the Chairman and the Board of Directors of Asia Capital PLC for their support and guidance throughout this challenging year. We also wish to express our appreciation to the Central Bank of Sri Lanka (CBSL), Sri Lanka Tourism Development Authority (SLTDA), Excise Department of Sri Lanka, our Banking Partners and other Stakeholders, for their immense support during this difficult period. We would like to state our gratitude to all ACAP employees for going the extra mile and demonstrating great passion, commitment, and hard work. We are also grateful to our valued clients, guests, shareholders, and business partners for their continued trust and confidence in us.
We also wish to thank our major shareholders for the continued support given to us throughout the year.
The past year has been probably the toughest period not only for the Company, but also for the country and the world. The dark clouds seem to be clearing and if we continue to work hard and demonstrate a positive attitude, we are confident that we will bounce back sooner rather than later.

Thusitha Perera
Group Chief Financial Officer
Reyhan Morris
Joint Chief Operating Officer
Sandun Thushara
Joint Chief Operating Officer 25th August 2021

https://cdn.cse.lk/cmt/upload_report_file/363_1630297298298.pdf

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