FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

LISTED COMPANIES

Submit Post



Poll

Can there be another Covid-19 wave in Sri Lanka?

Hemas ups Morison stake to 90% Vote_lcap68%Hemas ups Morison stake to 90% Vote_rcap 68% [ 178 ]
Hemas ups Morison stake to 90% Vote_lcap18%Hemas ups Morison stake to 90% Vote_rcap 18% [ 47 ]
Hemas ups Morison stake to 90% Vote_lcap13%Hemas ups Morison stake to 90% Vote_rcap 13% [ 35 ]

Total Votes : 260

STOCK MARKET TRAINING
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


CHRONICLE™ ANALYTICS


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Hemas ups Morison stake to 90%

Hemas ups Morison stake to 90%

Go down  Message [Page 1 of 1]

1Hemas ups Morison stake to 90% Empty Hemas ups Morison stake to 90% Wed Jul 24, 2013 1:33 am

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

Hemas Holdings Plc via subsidiary has garnered a further 18.5% stake in J.L. Morison Son and Jones (Ceylon) Ltd., increasing their overall holding to 90%. The additional stake is via the mandatory and voluntary offers which concluded last week.

The offer by Hemas Manufacturing Ltd., (HML), a subsidiary of Hemas Holdings, at Rs. 366.50 per voting share and Rs. 219.70 per non-voting share had elicited an acceptance amounting to 1.1 million voting shares or 18.51% stake and 0.6 million non-voting shares (34.7%).

Separately, HML held 4.2 million voting shares (71.5%) and 0.9 million non-voting shares (50.1%) of MORI. Consequently, HML has increased its stake in MORI to 90.0% (voting) and 84.8% (non-voting).

In May, HML acquired 4.153 million voting shares (71.5%) for Rs. 1.52 billion and 0.87 million nonvoting shares (50%) for around Rs. 190 million.
http://www.ft.lk/2013/07/24/hemas-ups-morison-stake-to-90/

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum