CSE News Updates

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Global PE giant Blackstone with $ 620 b in assets enters Sri Lanka # In landmark deal via Indian entity 56.45% of Pirama...
30/03/2021

Global PE giant Blackstone with $ 620 b in assets enters Sri Lanka

# In landmark deal via Indian entity 56.45% of Piramal Glass Ceylon sold for Rs. 6.2 b
# Move part of broader acquisition of Indian container glass packaging firm for $ 1 b announced in mid-December
# Mandatory offer announced at Rs. 11.60 per share
# Confidence by private equity firm augurs well for SL, say analysts
# Asia Securities Group figures in the deal as buy-side advisor and executing stockbroker
# Sole glass bottle manufacturer Piramal Ceylon Glass doubled first 9 months after tax profit to Rs. 694 m
# Boosts prospects for exports with new product launches in 3Q

Read more at - http://www.ft.lk/front-page/Global-PE-giant-Blackstone-with-620-b-in-assets-enters-Sri-Lanka/44-715652

Windforce IPO biggest in 9 years opens today; billed to be heavily oversubscribedRenewable energy giant Windforce Ltd.’s...
24/03/2021

Windforce IPO biggest in 9 years opens today; billed to be heavily oversubscribed

Renewable energy giant Windforce Ltd.’s Initial Public Offering (IPO) worth Rs. 3.2 billion, the biggest in nine years, will have its official opening today, heralding a landmark milestone for both the company and the capital market.

Styling itself as Sri Lanka’s biggest and fastest growing producer of renewable energy, the Windforce IPO offers 15% stake or 202,615,341 new ordinary voting shares of par value of Rs. 10 at Rs. 16 each. The previous biggest IPO in recent years was that of People’s Leasing (PLC) worth Rs. 7 billion in 2012.

More at - http://www.ft.lk/front-page/Windforce-IPO-biggest-in-9-years-opens-today-billed-to-be-heavily-oversubscribed/44-715266

JKH makes formal disclosure to CSE on WCTPremier blue chip John Keells Holdings PLC (JKH) yesterday made a formal disclo...
16/03/2021

JKH makes formal disclosure to CSE on WCT

Premier blue chip John Keells Holdings PLC (JKH) yesterday made a formal disclosure to the Colombo Stock Exchange (CSE) on the proposed West Container Terminal (WCT) of the Colombo Port.

It said that a consortium consisting of Adani Ports and Special Economic Zone Ltd., and JKH have received a Letter of Intent from the Ministry of Ports and Shipping and the Sri Lanka Ports Authority, acting on behalf of the Government of Sri Lanka, to develop and operate the WCT in the Port of Colombo as a public private partnership project pursuant to the approval granted by the Cabinet of Ministers.

The WCT is part of Colombo's south port development. WCT is a deep-water terminal with an alongside depth of 20 metres and annual capacity of approximately three million TEUs.

“A concession agreement is expected to be executed in due course. JKH will have a material equity stake in the project,” the Company said in its disclosure.

It added that further details of the operating and structuring arrangements will be announced to the CSE as and when required.

BreadTalk outlets to be shut indefinitely from SaturdayAll BreadTalk outlets will be closed from 20 March until further ...
16/03/2021

BreadTalk outlets to be shut indefinitely from Saturday

All BreadTalk outlets will be closed from 20 March until further notice due to poor business.

RIL Property PLC said its fully owned subsidiary FoodBuzz Ltd., has put the closure down to adverse market conditions resulting from the Easter Sunday attacks as well as the ongoing pandemic. Thus, FoodBuzz Board of Directors have decided to temporarily suspend their business operations until a decision is taken going forward.

At present there are 10 BreadTalk outlets in the country.

In FY20, FoodBuzz reported a loss of Rs. 59 million with revenue at Rs. 413 million.

Prabhash Subasinghe becomes 2nd largest shareholder at Sampath Bank # Doubles stake to 10% via investment arm Ayenka Hol...
04/03/2021

Prabhash Subasinghe becomes 2nd largest shareholder at Sampath Bank

# Doubles stake to 10% via investment arm Ayenka Holdings since December 2020

# Recent quantities collected for over Rs. 2.6 b with average price of Rs. 150 per share

# Sampath Bank stake in addition to near 30% holding in Ceylinco Insurance and 15% in SDB bank

# Foreigners have been net sellers of 30 million shares worth Rs. 5 b Sampath Bank since late January

Read more at - http://www.ft.lk/front-page/Prabhash-Subasinghe-becomes-2nd-largest-shareholder-at-Sampath-Bank/44-714205

Growth-bullish, biggest renewable energy firm goes for Rs. 3.2 b IPO # With 27 power plants in SL and abroad having inst...
04/03/2021

Growth-bullish, biggest renewable energy firm goes for Rs. 3.2 b IPO

# With 27 power plants in SL and abroad having installed-capacity of 218 MW, WindForce to use new equity to fund further expansion

# First SL firm to set up renewable energy plants in Pakistan, Uganda and Ukraine

# Rs. 2.3 b to be used as equity for new wind power project in Mannar and solar power plant in Senegal

# Post-expansion installed capacity will be 263 MW, with about 60% in SL

# 15% stake offer of new shares at Rs. 16 each now up for grabs, official opening on 24 March

Read more at - http://www.ft.lk/front-page/Growth-bullish-biggest-renewable-energy-firm-goes-for-Rs-3-2-b-IPO/44-714283

Seylan announces scrip dividendSeylan Bank has announced a first and final dividend of Rs. 1.50 per share in the form of...
23/02/2021

Seylan announces scrip dividend

Seylan Bank has announced a first and final dividend of Rs. 1.50 per share in the form of scrip for the financial year ended 31 December 2020 for both voting and non-voting shareholders.

At present, Seylan has 256.7 million voting and 260.3 million non-voting shares. On this basis, the number of shares to be issued as per Rs. 1.50 per share scrip dividend will be 7.55 million (voting) and 9.6 million (non-voting).

Vallibel One announces cash and scrip combined interim dividendVallibel One PLC has announced its first interim dividend...
23/02/2021

Vallibel One announces cash and scrip combined interim dividend

Vallibel One PLC has announced its first interim dividend of Rs. 2.50 per share inclusive of cash and scrip for the financial year ending 31 March.

Cash dividend is 50 cents per share with payment date being 22 March and 4 March as XD date. The balance Rs. 2 per dividend will be in the form of scrip in the proportion of 1 for every 20.75 shares held. The consideration for which shares are to be issued is Rs. 41.50 per share representing the weighted average market price of the share for the six months ended on 31 January.

Royal Ceramics Lanka Announces Dividend and Share Split.Dividend per share (Rs.) - 11.00Type of dividend - Second interi...
12/02/2021

Royal Ceramics Lanka Announces Dividend and Share Split.

Dividend per share (Rs.) - 11.00
Type of dividend - Second interim
Financial year - 31st March 2021
XD date - 23 Feb 2021
Payment date - 17 Mar 2021
Description - 2nd Interim Dividend of Rs. 11/- per share for the year ending 31st March 2021

The proportion in which with reference to the existing shares the increase is to take place by way of a sub-division
Voting : 1:10
Existing number of shares of the company
Voting : 110,789,384
Resulting number of shares of the company after sub-division
Voting : 1,107,893,840
Description : Sub-division of every 01 Ordinary Share into 10 Ordinary Shares

LOLC loses ‘Most Valued’ crownCeylon To***co rises to the top with JKH at No. 2Financial services-rich conglomerate LOLC...
11/02/2021

LOLC loses ‘Most Valued’ crown

Ceylon To***co rises to the top with JKH at No. 2

Financial services-rich conglomerate LOLC Holdings Plc yesterday lost its crown of being the most valuable listed company and slumped to number three with Ceylon To***co returning to the number one position, whilst premier blue chip JKH moved to the second place

Read more at - http://www.ft.lk/front-page/LOLC-loses-Most-Valued-crown/44-712929

Haycarb more than doubles 9-month net profit to Rs. 2.8 bHaycarb Plc has more than doubled its first nine months net pro...
10/02/2021

Haycarb more than doubles 9-month net profit to Rs. 2.8 b

Haycarb Plc has more than doubled its first nine months net profit to Rs. 2.8 billion in the current financial year backed by an impressive third quarter. Profit after tax had increased by 122% to Rs. 2.8 billion from Rs. 1.27 billion in the first nine months of previous financial year. Net profit attributable to equity holders was Rs. 2.4 billion, up by 120% from a year earlier. Pre-tax profit was Rs. 3.4 billion, up 118%.

Read more at - http://www.ft.lk/front-page/Haycarb-more-than-doubles-9-month-net-profit-to-Rs-2-8-b/44-713012

CSE reassures brokers, investorsSays recent Circular has not placed any restrictions on stockbroker firms to extend cred...
07/02/2021

CSE reassures brokers, investors

Says recent Circular has not placed any restrictions on stockbroker firms to extend credit on any particular security, nor any limitations of any kind on the tradability of any security by any investor

Reiterates it welcomes recent heightened activity levels of stock market

Read more at - http://www.ft.lk/front-page/CSE-reassures-brokers-investors/44-712664

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