NTB corporate disclosure

yaka · 1 NTB corporate disclosure Wed Jun 05, 2013 9:29 am

yaka

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http://www.cse.lk/cmt/upload_cse_announcements/6571370346207_.pdf
can some1 explain y this happen n ny impact on ntb with this.thnx

Kithsiri · 2 Re: NTB corporate disclosure Wed Jun 05, 2013 10:21 am

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Yes, if someone one with the adequate knowledge to shed more light on the issue and the impact it will have on the price on the floor of the market please ?
Thanks in advance. Very Happy

sharekhan · 3 Re: NTB corporate disclosure Wed Jun 05, 2013 11:20 am

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The news will make NTB increase..........

suja · 4 Re: NTB corporate disclosure Wed Jun 05, 2013 12:10 pm

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Mr.Khan, how is this possible or you are just guessing. Kindly note that this was purchased by JKH and others long ago and converted the entity to a prper bank after obtaining the banking licence it is now called NTB bank. The old firm was a dormant entity in the portfolio and hence the decision to shut I suppose.

Now how can the NTB share value increase from this are there any assest in the books to be transferd or some magic through this??

D.G.Dayaratne · 5 Re: NTB corporate disclosure Wed Jun 05, 2013 12:27 pm

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SUJA ask very important question.

Pl answer giving reasons

suddera · 6 Re: NTB corporate disclosure Wed Jun 05, 2013 12:34 pm

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suja wrote:Mr.Khan, how is this possible or you are just guessing. Kindly note that this was purchased by JKH and others long ago and converted the entity to a prper bank after obtaining the banking licence it is now called NTB bank. The old firm was a dormant entity in the portfolio and hence the decision to shut I suppose.

Now how can the NTB share value increase from this are there any assest in the books to be transferd or some magic through this??

SUJA It was OTB ( Overseas Trust Bank - a foreign Bank ) which acquired by JKH and converted to NTB. Later they acquired MLL and merged with NTB.

suja · 7 Re: NTB corporate disclosure Wed Jun 05, 2013 12:39 pm

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Suddera, thanks mate.

Still waiting for an answer from Mr.Khan.

rainmaker · 8 Re: NTB corporate disclosure Wed Jun 05, 2013 12:42 pm

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Correct. MLL was offered shares + cash if I remember.

MLL is a very profitable part of NTB. What they have done is to transfer MLL assets to NTB and keep it within one entity .......... Basel II improvement reasons

suja · 9 Re: NTB corporate disclosure Wed Jun 05, 2013 3:12 pm

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Rainmaker, So it is already accounted for in the PBV?

Or is it yet to be done, if its the latter then there is a case but this is not mentioned in the annula report isnt it?