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

AI CHAT

Latest topics

» Sri Lanka: Financial Sector Unsoundness Indicators - Q2 of 2023
by God Father Today at 2:24 pm

» TRADING SUSPENSION of NHL
by sandamal Today at 11:10 am

» PRIME LANDS RESIDENCIES PLC (PLR.N0000)
by ashan silva Today at 10:04 am

» HOTEL AND TRAVEL SECTOR
by Hawk Eye Today at 9:45 am

» LCBF Future
by ErangaDS Yesterday at 9:08 pm

» LOLC Group: Ready to be the Market Leaders!
by D.G.Dayaratne Yesterday at 7:22 pm

» PROPERTY BUBBLE IS IMMINENT !
by nilantha suranga Fri Sep 22, 2023 1:02 pm

» BUY EAST WEST
by skyfall Fri Sep 22, 2023 12:32 pm

» LAND AND PROPERTY SECTOR
by samansilva Fri Sep 22, 2023 1:36 am

» Prime Land Residencies (PLR. N0000) record phenomenal profits in 2Q2022
by rukshan1234 Thu Sep 21, 2023 10:57 pm

» PACK.NOOO will acquire another corrugated company Pending news
by atdeane Thu Sep 21, 2023 12:44 pm

» Sri Lanka: Movement of Treasury Bill Rates during 2023
by God Father Tue Sep 19, 2023 3:07 pm

» Good news for JAT Holdings- Agreement with China Harbour Engineering Company Ltd
by Anushka Perz Mon Sep 18, 2023 10:09 am

» එන සතියේ ලාභයක් ගන්න හොදයි කියලා හිතෙන කොටස් මොනවද?
by Walbaba Sun Sep 17, 2023 11:37 pm

» Sedora: The AI Assistant for the Colombo Stock Market
by Walbaba Sun Sep 17, 2023 11:31 pm

» Millennial Capital Youtube Channel
by MillennialC Sat Sep 16, 2023 9:46 pm

» EAST WEST PROPERTIES PLC
by soileconomy Sat Sep 16, 2023 7:24 am

» What is the real impact of Sri Lanka’s DDO on the EPF?
by God Father Sat Sep 16, 2023 7:19 am

» Next Super Potrntial Gain ALUM
by Citizen Silva Sat Sep 16, 2023 12:15 am

» Focus on Government controlled entities
by ErangaDS Thu Sep 14, 2023 12:46 pm

LISTED COMPANIES

Submit Post
Poll

US$ EXCHANGE RATE PREDICTION 2023

SERENDIB HOTELS PLC - Rights Issue Vote_lcap9%SERENDIB HOTELS PLC - Rights Issue Vote_rcap 9% [ 26 ]
SERENDIB HOTELS PLC - Rights Issue Vote_lcap8%SERENDIB HOTELS PLC - Rights Issue Vote_rcap 8% [ 24 ]
SERENDIB HOTELS PLC - Rights Issue Vote_lcap16%SERENDIB HOTELS PLC - Rights Issue Vote_rcap 16% [ 47 ]
SERENDIB HOTELS PLC - Rights Issue Vote_lcap18%SERENDIB HOTELS PLC - Rights Issue Vote_rcap 18% [ 51 ]
SERENDIB HOTELS PLC - Rights Issue Vote_lcap16%SERENDIB HOTELS PLC - Rights Issue Vote_rcap 16% [ 47 ]
SERENDIB HOTELS PLC - Rights Issue Vote_lcap25%SERENDIB HOTELS PLC - Rights Issue Vote_rcap 25% [ 72 ]
SERENDIB HOTELS PLC - Rights Issue Vote_lcap7%SERENDIB HOTELS PLC - Rights Issue Vote_rcap 7% [ 19 ]

Total Votes : 286

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

SERENDIB HOTELS PLC - Rights Issue

2 posters

Go down  Message [Page 1 of 1]

1SERENDIB HOTELS PLC - Rights Issue Empty SERENDIB HOTELS PLC - Rights Issue Fri Nov 04, 2022 3:26 pm

God Father


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

ISSUE OF ORDINARY VOTING AND NON-VOTING SHARES BY WAY OF RIGHTS:
In order to infuse fresh capital to the Company of up to Rs. 2,017,942,170/-

Purpose of the Rights Issue is to settle:
(1) loans obtained to acquire Dolphin Hotels PLC and Hotel Sigiriya PLC,
(2) the cost of recent refurbishment of Avani Hotel owned by the Company.
(3) loans obtained to acquire Lantern Villa

Hotel ownership

SERENDIB HOTELS PLC - Rights Issue Scree146

Latest Accounts
SERENDIB HOTELS PLC - Rights Issue Scree147

https://cdn.cse.lk/cmt/upload_report_file/601_1660305106652.pdf

SERENDIB HOTELS PLC - Rights Issue Scree142
SERENDIB HOTELS PLC - Rights Issue Scree143
SERENDIB HOTELS PLC - Rights Issue Scree144
SERENDIB HOTELS PLC - Rights Issue Scree145

https://cdn.cse.lk/cmt/announcement_portal_prod/02-SHOT%20-%20Circular%20to%20Shareholders%2027th%20Sep%202022_12964860169719.pdf

2SERENDIB HOTELS PLC - Rights Issue Empty Re: SERENDIB HOTELS PLC - Rights Issue Fri Nov 04, 2022 8:20 pm

DeepFreakingValue

DeepFreakingValue
Manager - Equity Analytics
Manager - Equity Analytics

As per the proposed Rights Issue, Serendib Hotels (SHOT) is required to raise LKR 2bn to pay for the acquisition of Dolphin Hotel (STAF) and Hotel Sigiriya (HSIG). Eden Lanka Hotels (EDEN) being the majority shareholders of Serendib Hotels (SHOT) will have to subscribe more than LKR 1bn to maintain their current shareholdings in Serendib Hotels. This is likely to result in Rights Issue of Eden Lanka (EDEN) triggering further rights issues within the group, eventually ending up with a rights issue of Browns Investments (BIL) which is the ultimate holding company of hotel chains of Serendib Hotels (SHOT) and Palm Garden (PALM) in Joint collaboration with LOLC and HNB.

Share Ownership of Serendib Hotels (SHOT)
Majority shareholdings of Serendib Hotels is held by Eden Hotels (EDEN)
SERENDIB HOTELS PLC - Rights Issue Screen58

Share Ownership of Eden Lanka Hotels (EDEN)
Majority shareholdings of Eden Hotels (EDEN) is held by Palm Garden Hotels (PALM)
SERENDIB HOTELS PLC - Rights Issue Screen59

Share Ownership of Palm Garden Hotels (PALM)
Majority shareholdings of Palm Garden Hotels (PALM) is held by Browns Hotels and Resorts Limited, unlisted which is owned by Browns Investments (BIL).
SERENDIB HOTELS PLC - Rights Issue Screen60

Share Ownership of Browns Investments (BIL)
Majority Shares of Browns investment (BIL) is held by HNB Bank (HNB).
SERENDIB HOTELS PLC - Rights Issue Screen61

Back to top  Message [Page 1 of 1]

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