Mandatory offer Stocks trading under its offer price

man123 · 1 Mandatory offer Stocks trading under its offer price Mon Nov 24, 2014 10:05 pm

man123

Senior Manager - Equity Analytics

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how are they ?
ARPI
NIFL
TFIL
CALF
CFL

these all trading under their Mandatory offer price so those are good to collect at least you can sell to company who acquire these

Ernie Tissera

Ernie Tissera

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I really cannot understand the theory behind this. For Example if you have CFL, the mandatory offer is 26.5 and it will be over in December first week. You mean to say if you keep this without giving for 26.5, after the mandatory offer closed, the purchaser has to pay more and collect the balance. Experts please advice.

siga

siga

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by Ernie Tissera Today at 1:09 pm

I really cannot understand the theory behind this. For Example if you have CFL, the mandatory offer is 26.5 and it will be over in December first week. You mean to say if you keep this without giving for 26.5, after the mandatory offer closed, the purchaser has to pay more and collect the balance. Experts please advice.

Experts Please advice

thankrishan

thankrishan

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If so what will happen to AAF?

Wimal Modawansa · 5 SOFTLOGIC TO ACQUIRE TROUBLED ABANS GROUP? Mon Jul 31, 2017 1:55 pm

Wimal Modawansa

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Softlogic Capital to acquire long standing family owned Troubled Abans group of Companies? Acquisition price is being negotiated after valuation?

worthiness

worthiness

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Is Arpico finance also not in healthy situation?

Teller

Teller

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SEC is sleeping.....unethical offer prices...

fortuneteller

fortuneteller

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Abans has always manipulated.
-When the company was formed no cash was put in. -Hire Purchase portfolio was transferred as share capital.(Central Bank pf Sri Lanka).
-When listing was made shares were fraudulently transferred to employees to cheat the CSE/SEC on free float rule.(CSE/SEC)
-Those employees have no means to buy the shares and FCID should investigate under money laundering act(Employees of Abans)
-If the initial share holder list is checked these employees could be identified(Varners International-company secretaries)
-CDS accounts were opened with Acquity and JB stock brokers and shares sold fraudulently without payment of money.(Acquity and JB stock brokers.)
-When private placement was made shares were issued to Ironwood , company owned by independent director and audit committee chairman Hiran Embuldeniya at a discounted price of Rs 25.00 when the share was trading at 69.90 ,cheating the minority share holders(stock exchange records)
-Hiran Embuldeniya requested approval to buy shares even before the Company was incorporated(Central Bank of Sri Lanka)
-Seylan bank offered 2 times the asset value to buy the shares but private placement was at 1.4 times asset price to Ironwood.(Seylan Bank)
-A company named Able Investment was set up to buy and transfer shares of employees and the rate at which such company bought the shared should be the mandatory offer price as Abans and Ironwood have acted in consort(Registrar of companies)
-Poor CSE and SEC , They were cheated and taken for a ride(Investors and General public.)
-Mr Hiran Embuldeniya common Director of Abans And Ironwood continue to serve as Audit Committee Chairman and Independent Director(Varners International-company secretaries)
-WHAT A MANUPULATION OF CORPORATE GOVERNANCE !!!

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Mandatory offer Stocks trading under its offer price

1 Mandatory offer Stocks trading under its offer price Mon Nov 24, 2014 10:05 pm

man123

2 Re: Mandatory offer Stocks trading under its offer price Tue Nov 25, 2014 1:09 pm

Ernie Tissera

3 Re: Mandatory offer Stocks trading under its offer price Tue Nov 25, 2014 2:33 pm

siga

4 Re: Mandatory offer Stocks trading under its offer price Tue Nov 25, 2014 3:43 pm

thankrishan

5 SOFTLOGIC TO ACQUIRE TROUBLED ABANS GROUP? Mon Jul 31, 2017 1:55 pm

Wimal Modawansa

6 Re: Mandatory offer Stocks trading under its offer price Mon Jul 31, 2017 2:31 pm

worthiness

7 Re: Mandatory offer Stocks trading under its offer price Mon Jul 31, 2017 9:29 pm

Teller

8 Re: Mandatory offer Stocks trading under its offer price Tue Aug 01, 2017 8:40 am

fortuneteller

9 Re: Mandatory offer Stocks trading under its offer price

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