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

Click Link to get instant AI answers to all business queries.
Click Link to find latest Economic Outlook of Sri Lanka
Click Link to view latest Research and Analysis of the key Sectors and Industries of Sri Lanka
Worried about Paying Taxes? Click Link to find answers to all your Tax related matters
Do you have a legal issues? Find instant answers to all Sri Lanka Legal queries. Click Link
Latest images
All images
RESEARCH HUB

Latest topics

» ANALYSIS: Sri Lanka Car Market 2024
by OC.S Today at 12:11 am

» LOLC's Conrad Dias on digital transformation - LMD tv interviw
by OC.S Today at 12:06 am

» Bullish about a sustainable turnaround - CSE Chairman
by Rare Yesterday at 11:33 am

» Stocks on the Radar at CSE
by Rare Yesterday at 11:30 am

» Sri Lanka rupee closes at 275/290 to the US dollar
by Rare Yesterday at 11:17 am

» How would Donald Trump Presidency impact Future Sri Lanka?
by God Father Yesterday at 12:52 am

» Sri Lanka strikes Gold at Wanderlust travel awards 2024
by samaritan Thu Nov 07, 2024 12:24 pm

» Suspension of "Parate rule" to end...
by deli Wed Nov 06, 2024 8:29 am

» Top 10 Listed Companies in Sri Lanka - 2024
by deli Wed Nov 06, 2024 8:23 am

» John Keells Holdings PLC share is worth LKR 17/= after Rights Issue and Sub-Division of shares
by God Father Tue Nov 05, 2024 10:02 pm

» LOLC Tech & Sanfer partnership to reshape digital transformation on a global scale
by samaritan Fri Nov 01, 2024 10:04 am

» TILE AND CERAMIC SECTOR
by OC.S Wed Oct 30, 2024 12:23 am

» JKH Trading Higher PER 30. Is it Fairly valued??
by OC.S Wed Oct 30, 2024 12:20 am

» Natural Gas Futures Sink 10%
by Rare Tue Oct 29, 2024 12:15 pm

» Oil prices fall further
by Rare Mon Oct 28, 2024 10:23 am

» Access Engineering awarded two more contract packages at Colombo Port
by Biggy Fri Oct 25, 2024 9:20 am

» CITH - What happned today?
by maduk Fri Oct 25, 2024 2:24 am

» Asian stocks drift higher amid rate cut speculation; Japan lags
by Rare Thu Oct 24, 2024 1:09 pm

» සභාපතිවරයාගේ හැසිරීම හේතුවෙන් රිචර්ඩ් පීරිස් සමාගම අනතුරේ?
by ChooBoy Mon Oct 21, 2024 12:47 am

» Unprofessional conduct by Directors of East West Properties PLC
by Biggy Sun Oct 20, 2024 9:31 pm

» Colombo Stock Market: Valuation Guide 2Q2024
by God Father Sun Oct 20, 2024 8:23 am

» Imperfect laws keeps Bankrupt Companies trading in Sri Lanka Stock Exchange gravely endangering the Investors!
by God Father Fri Oct 18, 2024 9:47 pm

» Stock-Picking Strategies
by Rare Fri Oct 18, 2024 12:53 pm

CONTRIBUTE
Submit Post

START NEW TOPIC

SHARE LATEST NEWS

ADD EXPERT ARTICLE New

වංශකථාවක් සිංහලෙන් ලියන්න

ADD ECONOMIC UPDATE New

ADD YOUTUBE VIDEO New

SEARCH COMPANIES

REGISTER FREE

ADMIN HELP

INTRODUCE YOURSELF New

ASK A QUESTION
LISTED COMPANIES

Submit Post
ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US

Send your suggestions and comments

* - required fields
Read FINANCIAL CHRONICLE™ Disclaimer


EXPERT CHRONICLE™

RECOMMENDATIONS

SHARES TO BUY Hot

SHARES TO SELL

SHARES TO HOLD

SHARES TO AVOID

UNDERVALUED SHARES

BLUE CHIPS

SMALL CAPS

PENNY STOCKS

TOP 10 DIVIDEND STOCKS New

LERAN TO TRADE New

MY SHARE PORTFOLIO
MARKET SENTIMENTS & PREDICTIONS
SENTIMENTS»

CHRONICLE™ INDEX New

BULLISH SENTIMENTS

BEARISH SENTIMENTS

PREDICTIONS»

MARKET TOMMORROW Hot

TELLER'S PREDICTIONS

MAHARAJA'S ADVICE Hot

KARUNA'S CHOICE

PLAYER'S PICK OF THE DAY

MALTHA MALINA EXCLUSIVE

කොටස් වෙළඳපොළ2020

OPINION OF IMTIAZ BUHARDEEN

ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)



CHRONICLE™ YouTube


You are not connected. Please login or register

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka: Damro Furniture Group of Damitha Ramanayake gets into plantations, buys Agalawatte Plantations and former Arjun Aloysius family owned F L M C Plantations

Sri Lanka: Damro Furniture Group of Damitha Ramanayake gets into plantations, buys Agalawatte Plantations and former Arjun Aloysius family owned F L M C Plantations

4 posters

Go down  Message [Page 1 of 1]

Varshaa Selvanathan


Equity Analytic
Equity Analytic

One of the leading furniture manufacturing groups in Sri Lanka, Damro Group Chand their Chairman Damitha Ramanayake's Investment arms on 27th March 2017 bought 61% of former Macwoods led Chris Nonis' family owned Now LOLC-Browns owned Agalawatte Plantations for over Rs.274 Million.

Further Damro Group bought over over 45% of Sri Lanka's Bond Manipuator Arjun Aloysius's Grandfather Kattar Aloysius family owned Free Lanka Capital owned (Now Browns Capital owned by LOLC after controversial Bond Deal happened in February 2015) Now LOLC-Browns owned F L M C Plantations (Pvt) Ltd (Free Lanka Management Co. Plantations) for Rs. 4.6 billion.

Stock Exchange Files:

https://cdn.cse.lk/cmt/upload_cse_announcements/6661490615123_.pdf


https://cdn.cse.lk/cmt/upload_cse_announcements/1421490613782_.pdf


https://cdn.cse.lk/cmt/upload_cse_announcements/9731490615049_.pdf

reyaz

reyaz
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics

Overall I should say this is a bad move, I recommend if these people should have a talk with industry experts, people like Merrill J Fernando and Hilmy Cader because there are a series of issues in the whole plantation industry. I could be wrong but there is a lot of pressure from the ministry of agriculture and this problem is linked with the PM's office, which changed policy to make this country move away from agriculture completely. And since there is no way to change government until 2020, we might actually end up with industry oriented economy.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Correct timing

Yahapalanaya

Yahapalanaya
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics

Notorious MR who cheated Rupavahini Corp. in a sum of Rs. 160 million up to his tricks with courts too ! Asks time to attend

Two cases begin against Basil too : Rs. 3000 million Samurdhi funds misappropriation !
Sri Lanka: Damro Furniture Group of Damitha Ramanayake gets into plantations, buys Agalawatte Plantations and former Arjun Aloysius family owned F L M C Plantations Mmahinda-Basil

(Lanka-e-News - 16.March.2017, 11.45PM) The notorious defeated and people discarded ex president Mahinda Rajapakse who is by now a byword for corruption and perfidies , was summoned  before the  Presidential commission today (16) for questioning based on charges of cheating the State Rupavahini Corporation in a sum of Rs. 160 million over his non payment of fees in respect of his advertisements via the TV channel  during the last presidential elections . The well noted Machiavellian mendacious Mahinda Rajapakse in keeping with his overriding trait of doing everything unlawful and  avoiding everything that  is lawful kept avoided  courts today . He asked for another date – 24 th from court via a letter which was produced in court by his  lawyer Ganesh Dharmawardena .
The pathetic state of this country ‘s political landscape can be gauged in this backdrop in which   individuals  who are  flagrantly  cheating even  the State Institutions are shamelessly contesting   presidential candidates . Is it any wonder if people get cheated after such scoundrels become president of the country?
Meanwhile the Colombo High Court yesterday served indictment charges on Basil Rajapakse ,  own brother of this same ex president Mahinda Rajapakse the infamous  ‘cheatah’, over a fraud involving a whopping sum of Rs.29.4 million ! This sum was spent by Basil out of the public funds of Samurdhi alias Divi Neguma illegally to print  5 million calendars with the photograph of Mahinda Raajapakse during the run up to the last presidential elections.
The second accused in this case was served with the indictment sheet earlier on. The judge who postponed the case until the 24 th of May granted cash bail of Rs. 500,000.00 plus two  personal bails  in sums of  Rs. 500,000.00 each. 
Basil for whom a  revolving door should be  installed in the prison  because he goes in and comes out so frequently , the case against him in which he spent over Rs.2990 million of Divi Neguma public funds illegally  on roofing metal sheets which were distributed as bribes during the last presidential elections, was transferred to the chief high court ,Colombo. The reason for this was : Basil’s   lawyer objecting to high court judge Gihan Kulatunge  hearing  the case . The other accused in this case are : Dr. Nihal Jayatileke ex secretary of Basil’s ministry , Bandula Thilaksiri and Kithsiri Ranawake. 


---------------------------
by     (2017-03-17 00:43:12)
We are unable to continue LeN without your kind donation.

Sponsored content



Back to top  Message [Page 1 of 1]

FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Sri Lanka: Damro Furniture Group of Damitha Ramanayake gets into plantations, buys Agalawatte Plantations and former Arjun Aloysius family owned F L M C Plantations

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