The next big announcement

epicinvestor · 1 The next big announcement Wed Jul 23, 2014 8:55 pm

epicinvestor

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The next announcement.. SFIN Smile

CARACALLA · 2 Re: The next big announcement Thu Jul 24, 2014 3:54 pm

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why?????????????????????????

Aubrey Perera · 3 Re: The next big announcement Thu Jul 24, 2014 3:56 pm

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Give us a clue ?

Harry82 · 4 Re: The next big announcement Thu Jul 24, 2014 4:03 pm

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Nation Lanka Finance PLC

Hatton National Bank PLC and US-based hedge fund Gem Investments are among the buyers, who are wanting to buy Nation Lanka Finance PLC, successors to Ceylinco Securities and Financial Services PLC, sources said.

Top corporate sources said that while HNB and the US$ 3.7 billion Gem Investments Fund of the USA were eyeing Nation Lanka Finance, there was also a local finance company and another major US-based fund also in the fray to buy Nation Lanka in the consolidation process, which is now in the process. The negotiations are getting hotter now and within end August, the new buyers will be known in the market, which will be for the best corporate plan and the best price, sources said.

Gem Investments has investment portfolios in 65 countries and has already pledged investments to the tune of Rs 1.3 billion to Nation Lanka Finance, of which the first tranche was expected to come soon.

"One of the dire needs of Nation Lanka was the capital infusion of equity, which means that the cost of borrowing would be less. Another US based fund interested in Nation Lanka was looking at injecting US$ 5-10 million,"
Nation Lanka has an issued share capital of Rs 1.8 billion. The company at the time of the acquisition had a Rs 1.3 billion capital infusion, where Nawaloka Hospitals Chairman Jayantha Dharmadasa, high networth investor Asanga Seneviratne and Jayaprakash Rudra have invested in the then beleaguered finance company. Currently, Seneviratne owns 35%, while Dharmadasa and Rudra own about 7% each. The public owns 48% of the shares as well.

CARACALLA · 5 Re: The next big announcement Thu Jul 24, 2014 4:07 pm

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sounds good

Aubrey Perera · 6 Re: The next big announcement Fri Jul 25, 2014 1:07 pm

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Next few weeks will give us clues about SFIn , TFIL, CALF, cifl and other financial companies . GL

Sstar · 7 Re: The next big announcement Fri Jul 25, 2014 1:15 pm

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Aubrey Perera wrote:Next few weeks will give us clues about SFIn , TFIL, CALF, cifl and other financial companies . GL

TFC shareholders may be the best beneficiaries.

dilshan unawatuna · 8 Re: The next big announcement Fri Jul 25, 2014 1:42 pm

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AAF Deal......

UAEBOY · 9 Re: The next big announcement Fri Jul 25, 2014 2:04 pm

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PCHH announcement to come.

lux2014 · 10 Re: The next big announcement Fri Jul 25, 2014 3:48 pm

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Saw this article on an "Investment" made by GEM Investment Fund in Bangladesh. Interesting.

Wondering how much likely that Nation Lanka Finance would get the promised investment from GEM now.

Magic art of turning Tk 43 into Tk 1,200 - http://archive.thedailystar.net/newDesign/print_news.php?nid=95877

NZ BOY · 11 Re: The next big announcement Fri Jul 25, 2014 4:01 pm

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Sstar wrote:

Aubrey Perera wrote:Next few weeks will give us clues about SFIn , TFIL, CALF, cifl and other financial companies . GL

TFC shareholders may be the best beneficiaries.

yes true Sstar