Japanese firm expands eChanneling stake to 29.8%

Redbulls · 1 Japanese firm expands eChanneling stake to 29.8% Wed Oct 02, 2013 2:13 am

Redbulls

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British American Technologies sell 15% stake for Rs. 163 m from its 28% holding

Singapore-based firm Senior Marketing System Asia Pte Ltd., a subsidiary of Japan’s public quoted SMS Co Ltd., yesterday expanded its stake in eChanneling Plc to 29.8% from a 15% holding previously.

The move follows the company buying 18.079 million eChanneling shares (trading XD) at Rs. 9 per share in a deal worth Rs. 162.7 million. The seller was British American Technologies which as at June 2013 held a 27% stake.

Late last month, SMS acquired 18.32 million shares at Rs. 8.50 each in a deal worth Rs. 156 million from Capital Trust Holdings (12.7 million shares) and others.

JB Cocoshell holds a 19.7% stake in eChannelling, the country’s pioneering ecommerce company focusing on healthcare business.

SMS Co is mainly engaged in the daily and non-daily businesses in nursing care, healthcare and overseas fields. It also has subsidiaries in China, Korea, Malaysia, Indonesia, Thailand, Vietnam, India and Philippines.
http://www.ft.lk/2013/10/02/japanese-firm-expands-echanneling-stake-to-29-8/

bullrun · 2 Re: Japanese firm expands eChanneling stake to 29.8% Wed Oct 02, 2013 8:40 am

bullrun

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That mean foreigners are in confidence over CSE. Why our people get loose confidence?

Main reason may be looking for quick money rather than investment point of view.

Our people do not consider the fundamental values just go after others and get burned fingers. Think about TWOD, what will happen to the people who bought above 4 and up to 6?

Kithsiri · 3 Re: Japanese firm expands eChanneling stake to 29.8% Sat Oct 05, 2013 4:49 pm

Kithsiri

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bullrun wrote:That mean foreigners are in confidence over CSE. Why our people get loose confidence? Main reason may be looking for quick money rather than investment point of view.
Our people do not consider the fundamental values just go after others and get burned fingers. Think about TWOD, what will happen to the people who bought above 4 and up to 6?

You said it right 100% . Very Happy