LHCL WILL BE SOLD OFF

capitallinkceylon · 1 LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:32 pm

capitallinkceylon

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non strategic state companies will be sold off. PM stated Lanka hospital will be sold off through the CSE.
LHCL will go up on Friday

Hewagak · 2 Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:37 pm

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capitallinkceylon wrote:non strategic state companies will be sold off. PM stated Lanka hospital will be sold off through the CSE.
LHCL will go up on Friday

What is the mean of this? Y price will go up?

capitallinkceylon · 3 Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:42 pm

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I'm just assuming it will go up, cause now everyone knows govt is looking for a buyer to takeover the company.

Companies like Hemas nawaloka durdans will for sure will be interested in buying into this.
I don't think Asiri will be looking into this cause they have 2 hospitals near proximity of Lanka hospital

Hewagak · 4 Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:44 pm

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capitallinkceylon wrote:I'm just assuming it will go up, cause now everyone knows govt is looking for a buyer to takeover the company.

Companies like Hemas nawaloka durdans will for sure will be interested in buying into this.
I don't think Asiri will be looking into this cause they have 2 hospitals near proximity of Lanka hospital

Yes I think you are right last half n hour LHCL came up by to 54. Tomorrow it will go up.

salt · 5 Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:55 pm

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Lanka Hospitals is not owned by the government, its owned by Sri Lanka Insurance life & general funds. Investment in listed companies is their business

Sri Lanka Insurance Corporation Ltd - Life Fund
Fortis Global Healthcare Holdings Pte Ltd Sri Lanka Insurance Corporation Ltd - General Fund

These funds belong to policyholders

EquityChamp · 6 Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 3:56 pm

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Major shareholder list includes Sri Lanka insurance corporation. This insurance corporation will own many stocks other than this. So why they sell only LHCL. Not clear to me.

Harry82 · 7 Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 8:45 pm

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What about Sevanagala and Pelwatte sugar Industries ???

cseranga · 8 Re: LHCL WILL BE SOLD OFF Thu Nov 05, 2015 11:01 pm

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I think there is a gamble behind this deal sometimes UNP supporter or even a minister has an idea to be a major share holder, to my mind there was an article criticizing that 2 UNP people handle all purchases of Lanka Hospitals soon after 08th of January one of those two is a monk these 2 takeover 10% commission of total monthly purchase, this kind of things not unbelievable after central bank treasury bills fraud.

Harry82 · 9 Re: LHCL WILL BE SOLD OFF Sun Nov 08, 2015 11:33 am

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DIST is trying to buy LHCL

gayanath1983 · 10 Re: LHCL WILL BE SOLD OFF Sun Nov 08, 2015 12:31 pm

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Harry , is it comformed..?

capitallinkceylon · 11 Re: LHCL WILL BE SOLD OFF Mon Nov 09, 2015 8:44 am

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It just rumors, i heard two rumors from two brokers. Everyone creating rumors to drive up the price.

One said Asiri and Durdans had made an offer, other said its a inside deal between Harry J(Dist) and MS/Chandrika. According to rumors Harry contributed heavily to MS campaign, so it will be given to him at a favorable price to him.

Harry82 · 12 Re: LHCL WILL BE SOLD OFF Mon Nov 09, 2015 9:05 am

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Amount due from the Secretary to the Treasury o/a of SLIC Shares
As per the Judgment delivered by the Supreme Court of the Democratic Socialist Republic of Sri Lanka on June
2009 it was declared and directed that the shares of SLIC purported to have been sold to Distilleries Consortium
on 11th April 2003 along with any shares purchased from employees as per SSPA shall be deemed to have been
held for and on behalf of the Secretary to the Treasury.
As directed by the said judgment, the Secretary to the Treasury returned the money that was paid by Group
Subsidiary Milford Holdings (Pvt) Limited (MHL) to purchase shares from SLIC.
Further, MHL was entitled to retain the profits of SLIC derived by MHL from 11 April 2003 to 04st June 2009 in lieu
of the interest for the aforesaid investment. The Secretary to the Treasury was directed to cause profits of SLIC to
be computed and audited from the date of the last audited Balance Sheet of SLIC to 04th June 2009 to enable MHL
to obtain such profits.
However, Secretary to the Treasury has not yet determined the value of profits to be retained by the MHL;

Therefore LHCL WILL BE SOLD OFF to DIST

Janu · 13 Re: LHCL WILL BE SOLD OFF Mon Nov 09, 2015 9:39 am

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Fortis is the 3 largest shareholder they paid Rs 60 in 2011 to buy there current stake. It may be Fortis and the price will be higher now and this sale to fortis will bring in foreign exchange in to the country which is badly needed at the moment. This will move and it is a safe betHarry82 wrote:Amount due from the Secretary to the Treasury o/a of SLIC Shares
As per the Judgment delivered by the Supreme Court of the Democratic Socialist Republic of Sri Lanka on June
2009 it was declared and directed that the shares of SLIC purported to have been sold to Distilleries Consortium
on 11th April 2003 along with any shares purchased from employees as per SSPA shall be deemed to have been
held for and on behalf of the Secretary to the Treasury.
As directed by the said judgment, the Secretary to the Treasury returned the money that was paid by Group
Subsidiary Milford Holdings (Pvt) Limited (MHL) to purchase shares from SLIC.
Further, MHL was entitled to retain the profits of SLIC derived by MHL from 11 April 2003 to 04st June 2009 in lieu
of the interest for the aforesaid investment. The Secretary to the Treasury was directed to cause profits of SLIC to
be computed and audited from the date of the last audited Balance Sheet of SLIC to 04th June 2009 to enable MHL
to obtain such profits.
However, Secretary to the Treasury has not yet determined the value of profits to be retained by the MHL;

Therefore LHCL WILL BE SOLD OFF to DIST

Janu · 14 Re: LHCL WILL BE SOLD OFF Tue Nov 17, 2015 10:07 am

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Janu wrote:

Fortis is the 3 largest shareholder they paid Rs 60 in 2011 to buy there current stake. It may be Fortis and the price will be higher now and this sale to fortis will bring in foreign exchange in to the country which is badly needed at the moment. This will move and it is a safe betHarry82 wrote:Amount due from the Secretary to the Treasury o/a of SLIC Shares
As per the Judgment delivered by the Supreme Court of the Democratic Socialist Republic of Sri Lanka on June
2009 it was declared and directed that the shares of SLIC purported to have been sold to Distilleries Consortium
on 11th April 2003 along with any shares purchased from employees as per SSPA shall be deemed to have been
held for and on behalf of the Secretary to the Treasury.
As directed by the said judgment, the Secretary to the Treasury returned the money that was paid by Group
Subsidiary Milford Holdings (Pvt) Limited (MHL) to purchase shares from SLIC.
Further, MHL was entitled to retain the profits of SLIC derived by MHL from 11 April 2003 to 04st June 2009 in lieu
of the interest for the aforesaid investment. The Secretary to the Treasury was directed to cause profits of SLIC to
be computed and audited from the date of the last audited Balance Sheet of SLIC to 04th June 2009 to enable MHL
to obtain such profits.
However, Secretary to the Treasury has not yet determined the value of profits to be retained by the MHL;

Therefore LHCL WILL BE SOLD OFF to DIST