HUNAS FALLS HOTELS PLC (HUNA.N0000)

huna.n000 net asset value is 64/=. The deal is not yet confirmed, even though it is confirmed will they offer any price around 160/=?

On what proof the price has been going up? What will happen if the deal is not done like EAST.n0000.
Do do your own analysis and trade on this counter.

charithaa wrote:huna.n000 net asset value is 64/=. The deal is not yet confirmed, even though it is confirmed will they offer any price around 160/=?

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S S P Corporate Services (Private) Limited

11th January 2022

Dear Sir,

HUNAS FALLS HOTELS PLC PROPOSED SUB-DIVISION OF SHARES

We write to inform you that the Board of Directors of Hunas Falls Hotels PLC have resolved on the 10th January 2022 to effect a sub-division of shares of the Company: We give below the details pertaining to the sub-division.

(i) An extract of the Article that permits the increase of shares (enclosed).

(ii) The proportion in which with reference to the existing shares the increase is to take place by way of a sub-division: That each of the shares of the Company be sub divided into One Hundred Fifty (150) ordinary shares.

(iii) Existing number of shares of the Company and resulting number of shares after subdivision: 5,625,000 Ordinary Shares will be increased to 843,750,000 ordinary shares (iv) There is no change to the Stated Capital.


Note: A resolution is passed to increase the current stated capital of LKR 82,500,000/- by LKR 4,254,073,000/-, which shall bring the total stated capital to LKR 4,336,573,000/- at the EGM that is to be held on 13th January 2022. The sub-division will be based on the increased stated capital. Cont'd……2 Branch Office: 101, Inner Flower Road, Colombo 03, Sri Lanka Tel : 94-11-2573894 Fax : 94-11-2573609 E-mail : sspsec@sltnet.lk S S P Corporate Services (Private) Limited (v) “The increase of shares by way of a sub-division is subject to shareholder approval at an Extraordinary General Meeting by way of a Special resolution.” Yours truly, For and on behalf of Hunas Falls Hotels PLC S S P CORPORATE SERVICES (PRIVATE) LIMITED SECRETARIES

Hunas Holdings PLC becomes Sri Lanka’s newest listed diversified conglomerate

Hunas Holdings PLC, previously known as Hunas Falls Hotels PLC, has officially become Sri Lanka’s newest listed diversified conglomerate.
This follows Serenity Lake Leisure (Pvt) Ltd., a fully-owned subsidiary of the TAD Group of Companies, infusing the then Hunas Falls Hotels with Rs. 4.25 billion in capital in January 2022, by transferring its ownership stakes in 11 companies to the latter.
This marked the first time in the country’s history in which such a transaction had been carried out without any dilution of the company’s minority interest, setting a new benchmark in good corporate governance and corporate responsibility in the Sri Lankan stock market. The move greatly benefited the company’s minority shareholders, who currently account for 6.5% of the company’s ownership, who saw vast appreciation in the value of their shareholdings.
Hunas Holdings PLC now holds 11 assets in renewable energy, real estate, tea (plantations, factories and in tea brokering) and hospitality/leisure sectors. In addition to strengthening the company through diversification, which adds multiple new revenue streams, the capital infusion also augments and expands Hunas Holdings PLC’s asset base. Furthermore, the increase in the consolidated asset base will facilitate the company’s future expansions as well, by making it easier to raise funds through borrowings for potential future developments, investments and acquisitions.
“Hunas Holdings PLC envisions becoming a leader in sustainable and ethical business in Sri Lanka,” Hunas Holdings PLC Director, Pravini Wickramanayke said. “Through the manner in which the capital infusion was carried out, by protecting the interests of the minority shareholders, we have demonstrated our strong commitment to ‘walk the talk’ in terms of upholding the highest standards of corporate governance and ethical business.”
“Despite challenges, the Sri Lankan economy has vast untapped potential and Hunas Holdings PLC will help realise these opportunities,” Wickramanayke added. “For this purpose, we will leverage our strong partnerships with reputed foreign investors, to bring in Foreign Direct Investments (FDIs) into the country, which can add substantial impetus to Sri Lanka’s growth prospects.”
The companies which form the diversified portfolio of Hunas Holdings PLC are; Hunas Properties (Pvt) Ltd. (100%), Boulder Gardens (Pvt) Ltd. (90%), Rainforest Hotels (Pvt) Ltd. (90%), Suriyakanda Plantations (Pvt) Ltd. (100%), Rainforest Tea Factory (Pvt) Ltd. (90%), Amunumulla Suhada Electricity Generation Company (Pvt) Ltd. (100%), Sustainable Energy Holdings  (Pvt) Ltd. (100%), Mercantile Produce Brokers (Pvt) Ltd. (20%), Weswin Power Galaha (Pvt) Ltd. (20%), Eratne Power Company (Pvt) Ltd. (30%) and Kuruganga Hydro (Pvt) Ltd. (19%).




http://bizenglish.adaderana.lk/hunas-holdings-plc-becomes-sri-lankas-newest-listed-diversified-conglomerate/

Key points to make a note of,


HUNA is not just a hotel anymore.


HUNA is a holding company, 



HUNA is into power and energy sector.

HUNA is into plantation sector also.

Jay-Jay wrote:Key points to make a note of,


HUNA is not just a hotel anymore.


HUNA is a holding company, 



HUNA is into power and energy sector.

HUNA is into plantation sector also.

I have seen their financial performance, they have gained net loss since last few years. I believe their share price will drop to single digit after the subdivision. They have mentioned share price near Rs160 before the subdivision and current price near Rs2500. Someone should need to know worth of share price of the company before buy it, so my point of view if I buy the HUNA share after subdivision my share price would be Rs1.

Equity Master wrote:

Jay-Jay wrote:Key points to make a note of,


HUNA is not just a hotel anymore.


HUNA is a holding company, 



HUNA is into power and energy sector.

HUNA is into plantation sector also.

I have seen their financial performance, they have gained net loss since last few years. I believe their share price will drop to single digit after the subdivision. They have mentioned share price near Rs160 before the subdivision and current price near Rs2500. Someone should need to know worth of share price of the company before buy it, so my point of view if I buy the HUNA share after subdivision my share price would be Rs1.

Agreed, but remember hotel sector continuously earn negative earnings since 2019. So as a hotel counter only hunnas earn negative is acceptable. But as a holding expect hunnas clear growth and rising of tourism can fast track it.

HUNA is not a Hotel.

HUNA has evolved to a " HOLDING COMPANY "

80%  owned by a Japanese company.

HUNA expansion drive of Renewable Energy towards 100 Mw  will make HUNA a giant in Power &  Energy sector.  The revenue generated from the energy sector will boost EPS of HUNA to a very healthy level in coming days,

This is the most overvalued hotel stock. Beware and pls look at the latest financial statement, EPS and NAV before investing. Trading at more than 7 times of the book value.
Read full Report: https://www.srilankachronicle.com/t62853-beware-hunas-holdings-plc-one-of-the-most-overvalued-stock#406113


https://cdn.cse.lk/cmt/upload_report_file/546_1669023227213.pdf