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[ltr]LOLC Holdings PLC yesterday (12) announced the formation of LOLC Ceylon Holdings Ltd., a fully owned subsidiary of LOLC Holdings PLC which will operate as a platform to enable potential investors to acquire minority stake in the finance companies it owns.[/ltr]
[ltr]In a corporate disclosure to the Colombo Stock Exchange (CSE), LOLC yesterday expressed its plans to list LOLC Ceylon at the CSE going forward. After the listing of LOLC Ceylon, the shares owned by LOLC in LOLC Finance PLC amounting to 44.79%, shares owned in Commercial Leasing and Finance PLC amounting to 98.92%, and the shares owned in LOLC Development Finance PLC amounting to 55.55%, are to be transferred to LOLC Ceylon.[/ltr]
[ltr]They will buy over some medium range other finance companies also those who are suffering from capitol inadequacy issues -[/ltr]
[ltr]Some says Mr Ishara wanted to build a kingdom of small finance companies under this LOLC Ceylon floor [/ltr]
[ltr]Orient finance who in return had done a asset revaluation and took some master brainers from ARPICO FINANCE few months back and revamp BRANDING & BRANCH NET WORK AND RE INTRODUCED SOME PRODUCTS and they are now in GREEN territory in terms of profit some analysts says and JNR Shifters responded positively to MR IIshara's offer for talks and soon will start the talks [/ltr]
[ltr]Orient finance formerly known as BARTLEET FINANCE IS among the oldest finance licence given by CBSL and it has a value and Mr Nanayakkara wants to be the king among listed companies by 2023 - His close associates say [/ltr]
[ltr]Same way they are eying SEMB alos and soon the talks will start [/ltr]
[ltr]With these rumors in the town BFN -SEMB shares are now gradulay becoming active market analysts says the coming days lots of such finance company mergers& Takeovers come to the limelight [/ltr]
[ltr]http://www.themorning.lk/lolc-forms-lolc-ceylon-holdings-ltd/[/ltr]
[ltr]In a corporate disclosure to the Colombo Stock Exchange (CSE), LOLC yesterday expressed its plans to list LOLC Ceylon at the CSE going forward. After the listing of LOLC Ceylon, the shares owned by LOLC in LOLC Finance PLC amounting to 44.79%, shares owned in Commercial Leasing and Finance PLC amounting to 98.92%, and the shares owned in LOLC Development Finance PLC amounting to 55.55%, are to be transferred to LOLC Ceylon.[/ltr]
[ltr]They will buy over some medium range other finance companies also those who are suffering from capitol inadequacy issues -[/ltr]
[ltr]Some says Mr Ishara wanted to build a kingdom of small finance companies under this LOLC Ceylon floor [/ltr]
[ltr]Orient finance who in return had done a asset revaluation and took some master brainers from ARPICO FINANCE few months back and revamp BRANDING & BRANCH NET WORK AND RE INTRODUCED SOME PRODUCTS and they are now in GREEN territory in terms of profit some analysts says and JNR Shifters responded positively to MR IIshara's offer for talks and soon will start the talks [/ltr]
[ltr]Orient finance formerly known as BARTLEET FINANCE IS among the oldest finance licence given by CBSL and it has a value and Mr Nanayakkara wants to be the king among listed companies by 2023 - His close associates say [/ltr]
[ltr]Same way they are eying SEMB alos and soon the talks will start [/ltr]
[ltr]With these rumors in the town BFN -SEMB shares are now gradulay becoming active market analysts says the coming days lots of such finance company mergers& Takeovers come to the limelight [/ltr]
[ltr]http://www.themorning.lk/lolc-forms-lolc-ceylon-holdings-ltd/[/ltr]
