Sept 20, 2012 (LBO) - Sri Lanka's Haycarb, a unit of listed Hayleys group said it had bought a Thailand based activate carbon maker that will increase group manufacturing capacity by 10 percent.
Shizuka Co. Ltd, based in Ratchburi, Thailand was acquired through Carbokarn Co. Ltd, a 50-percent owned unit of Haycarb, the firm said in a stock exchange filing.
Haycarb has production facilities in Sri Lanka, Thailand and Indonesia, making coconut shell charcoal based activated carbon products.
In the June 2012 quarter the group reported profits of 179.1 million rupees, up 44 percent from a year earlier, giving earnings of 6.03 rupees per share.
In fact atm there is a deal in the air between two aero-space companies, which has resulted in both companys' share price declining. another deal is in asia where a beer company is trying to take over "tiger" brand, in this case the share price has gone up.
the point is once the deal is over there is little shareholders can do about it. heads i win - tails u loose :)