FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post


ADVERTISE
Poll

EXCHANGE RATE PREDICTION: 2022

 
 
 
 

View results

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



Latest topics

» Misuse of government property by Royal Colombo Golf Club
by ChooBoy Yesterday at 12:52 pm

» SL Cauvery and Mannar Basins Petroleum Resource Data Revealed
by samaritan Yesterday at 12:00 pm

» Expolanka to continue its winning streak
by samaritan Yesterday at 10:39 am

» Container shipping stocks routed
by target1 Fri Jun 24, 2022 1:32 pm

» Supply Chain Latest: Ocean Freight Rates Are Falling
by target1 Fri Jun 24, 2022 1:26 pm

» Turkish ship leaves Ukraine's Mariupol after grain talks with Moscow
by target1 Fri Jun 24, 2022 11:29 am

» This week's CBOT corn, soy freefalls hard to match in recent years
by target1 Fri Jun 24, 2022 9:57 am

» Positive news to boost market sentiment
by samaritan Fri Jun 24, 2022 9:52 am

» Maharaja at IMF meeting
by Maharaja Thu Jun 23, 2022 10:35 pm

» Why no power cuts in certain areas of Colombo?
by samaritan Thu Jun 23, 2022 5:44 pm

» India assures fullest support to Sri Lanka as a close friend
by samaritan Thu Jun 23, 2022 5:17 pm

» SINS, SAMP, COMB, PARQ, ALUMEX and AEL - are they good shares to start collecting now?
by surfjj Thu Jun 23, 2022 4:25 pm

» Learn how a fixed exchange rate system can be used to reduce inflation.
by target1 Thu Jun 23, 2022 3:35 pm

» Debt Crisis: Sri Lanka Vs Argentine
by CHRONICLE™ Thu Jun 23, 2022 8:17 am

» Sri Lanka in state of panic 1 month after sovereign default
by reyaz Tue Jun 21, 2022 5:23 pm

» Financial stability - we are at the crossroads.
by sheildskye Tue Jun 21, 2022 2:17 pm

» Shrinkflation: Is it ethical?
by sheildskye Tue Jun 21, 2022 2:05 pm

» Banking bullish billionaire Ishara expands footprint
by samaritan Tue Jun 21, 2022 10:58 am

» SL hopes to finalize a staff level program with IMF soon-RW
by samaritan Tue Jun 21, 2022 9:48 am

» Sri Lanka Stock Market heading toward ASPI 4500
by samaritan Tue Jun 21, 2022 9:29 am

EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » HNBF takeover & amalgamation of Prime Finance.

HNBF takeover & amalgamation of Prime Finance.

3 posters

Go down  Message [Page 1 of 1]

apphunter


Equity Analytic
Equity Analytic

HNB Finance acquired 87.27% of Prime Finance PLC. This triggered the Company takeovers & mergers code. HNBF is offering to buy at 20.10 per share from the remaining shareholders. 

However, it is mentioned in their announcement that HNBF plans to amalgamate with Prime Finance. 

If HNBF & Prime finance amalgamates similarly to what CLC & SFL is doing, shareholders of Prime finance should get shares of HNBF.

It should be noted that Prime Finance has over Rs. 1 billion in real estate inventory (As at 30.09.2021) which would become part of HNBF after amalgamation.

It would be interesting to see the proportion to which the new shares will be distributed.
 

https://cdn.cse.lk/cmt/announcement_portal_prod/Announcement%20under%20the%20Companies%20Takeover%20and%20Mergers%20Code%201995%20(00000003)_20617385982459.pdf

soileconomy

soileconomy
Vice President - Equity Analytics
Vice President - Equity Analytics

Before amalgamation happens prime finance will jump to new levels due to low liquidity

apphunter


Equity Analytic
Equity Analytic

Looks prime finance has sold its real estate inventory. https://cdn.cse.lk/cmt/announcement_portal_prod/CSE%20Announcement_35190508519605.pdf

apphunter


Equity Analytic
Equity Analytic

It appears that shareholders of Prime finance will probably note get HNBF shares after amalgamation.



HNBF takeover & amalgamation of Prime Finance.  Screen14




But if there scenario becomes similar to how AIA Insurance Lanka PLC delisted and went private, HNBF has to offer the shareholders an exit offer. 

https://www.aialife.com.lk/content/dam/lk/en/help-support/egm-connected-papers/Circular%20shareholders%2001%2003%202019.pdf

Nandun


Manager - Equity Analytics
Manager - Equity Analytics

have anyone got offer forms?

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum