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Sri Lanka Equity Forum » Stock Market Talk » How Selvanthan's control Beer Industry in Sri Lanka

How Selvanthan's control Beer Industry in Sri Lanka

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ChooBoy


Equity Analytic
Equity Analytic
Hari and Mano Selvanathan are the two Sri Lankan Tamil businessman who controls Sri Lanka's Beer industry through one of the most complicated ownership structures.
Lion Brewery Product range which include famous Lion Larger Beer is welknown among both poor and the most affluent people in Sri Lanka.
Hari and Mano Selvanathan own and controls Bukit Darah PLC which owns the majority shares in Carson and Cumberbatch PLC. Carsoncumberbach PLC owns majority shares in Ceylon Beverages PLC which controls the well known Lion Brewery PLC.
Hariharan Selvanathan and Manoharan Selvanathan jointly own and manage Carson Cumberbatch PLC. According to Forbes Asia, Hariharan and Manoharan are listed among the four wealthiest individuals in Sri Lanka. Hariharan Selvanathan is the Chairperson of Bukit Darah PLC, Carson Cumberbatch PLC, Carsons Management Services (Pvt) Limited and Agro Harapan Lestari (Pvt) Limited. In addition, he serves as the Deputy Chairperson of Goodhope Asia Holdings Limited.

How Selvanthan's control Beer Industry in Sri Lanka 110
How Selvanthan's control Beer Industry in Sri Lanka 410
How Selvanthan's control Beer Industry in Sri Lanka 510
How Selvanthan's control Beer Industry in Sri Lanka 610
How Selvanthan's control Beer Industry in Sri Lanka 710

ChooBoy


Equity Analytic
Equity Analytic
All Sri Lanka's Profits are metaculaosly pumped out to Malaysian company Buki Darah owned by Selvanathan. Through this excercise Selvanathan's are depriving economic benefit to Sri Lanka.

hammurabi

hammurabi
Senior Equity Analytic
Senior Equity Analytic
I dont find it offensive. Because its business. The life cycle of our people have become Eat, Drink, Complain and Boycott. Later repeat the same process. To be honest we lack competitiveness and yet we keep complaining. Thats unethical and 3rd class act. We have to compete by producing quality and services, Not using shortcuts like tagging good businessman’s background like nationality, religion, race, caste ect. Thats pure 3rd class act.

Gajaya


Stock Trader
@hammurabi wrote:I dont find it offensive. Because its business. The life cycle of our people have become Eat, Drink, Complain and Boycott. Later repeat the same process. To be honest we lack competitiveness and yet we keep complaining. Thats unethical and 3rd class act. We have to compete by producing quality and services, Not using shortcuts like tagging good businessman’s background like nationality, religion, race, caste ect. Thats pure 3rd class act.
Agreed!

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