Category: Companies
”; Outlook stable
Fitch Ratings has affirmed Sri Lanka-based consumer and healthcare company Hemas Holdings PLC’s National Long-Term Rating at ‘AAA(lka)’ with a Stable Outlook. The affirmation reflects the defensive nature of Hemas’ operating cash flows stemming from its pharmaceutical trading and manufacturing, and fast-moving consumer goods (FMCG) businesses, which account for more than 90% of the group’s […]
From mine to market – showcasing Sri Lanka’s jewellery legacy to the world
The Sri Lanka Gem and Jewellery Association (SLGJA) hosted their second Key Person’s Forum for the industry recently, with the objective of facilitating the industry during this pandemic period and boosting overall tourism in collaboration with the Ministry of Tourism. The forum was conducted with Prasanna Ranatunga, State Minister of Tourism, Lohan Ratwatte, State Minister […]
Vidullanka to restructure operations; amalgamate its subsidiary Walagamba Balashakthi
Vidullanka PLC has resolved to amalgamate its fully owned subsidiary, Walagamba Balashakthi (Pvt) Limited with Vidullanka PLC, the company said in a stock exchange filing. The amalgamation is to be carried out without any consideration, and as per the provisions of section 242 (short form amalgamation) of the Company’s Act. Presently, Walagamba Balashakthi (Pvt) Limited […]
Material Sector – The Scavengers of Recovery
Softlogic Research, in its most recent publication, took a very strong stance on the Material sector, predicting a strong growth backed by economic recovery and the renewable energy drive. Digging deeper into the trickle-down effects of core economic policies such as protectionism and economic stimulus, the publication deals with the potential benefits of such policies […]
CSE approves the first Empower Board listing
The Colombo Stock Exchange (CSE) has approved, an application submitted by Chrissworld Limited, for the listing of its Ordinary Voting Shares by way of an offer for subscription on the Empower Board of the CSE. The company will be Offering for Subscription of Seven Million Five Hundred Thousand (7,500,000) Ordinary Voting Shares at LKR 7.50 […]
SANASA Development Bank to raise capital via a Secondary Public Offering
SANASA Development Bank has resolved to raise capital through the issuance of new Ordinary Voting Shares to the public via a Secondary Public Offering (SPO), the bank said in a stock exchange filing. The SPO under consideration constitutes of an invitation to the public, by way of a Prospectus, to subscribe up to Sixty Eight […]
CBB sets sights on enhanced SL-UK trade with British Chambers of Commerce
The Council for Business with Britain (CBB) is now a member of the British Chambers of Commerce and marked this collaboration with an open networking event. The virtual gathering titled ‘The Power of a Global Network’ gave CBB members and other businesses across Sri Lanka a platform to connect with over 50 Regional Chambers of […]
Veemansa Initiative webinar to discuss new developments at Colombo Port City
Asia’s newest landscape, the Colombo port city, is to be launched as a special economic zone under the aegis of the Colombo Port City Economic Commission. The scope, incentive structure and the institutional setup of this special economic zone which was gazetted recently will be the theme of the webinar of “Asia’s Newest Landscape” which […]
Strengthening recycling identified as immediate solution to plastic waste issue
AIESEC Sri Lanka hosts webinar on plastic waste management in view of recycling day CEA emphasizes need to adopt a collaborative approach to addressing the issue Only 20% of the plastic waste in the market reach recyclers Strengthening recycling practices and systems identified as key In view of Global Recycling Day, youth organization AIESEC Sri […]
Ceylon Electricity Board to raise up to Rs. 20Bn in capital through stock market
The Colombo Stock Exchange (CSE) has approved an application by the Ceylon Electricity Board (CEB) to issue Senior Unsecured Listed Redeemable Rated Debentures at an Issue Price of Rs. 100 amounting to a potential capital raising of up to Rs. 20 Billion. The debentures will be issued for period of 5 years with a fixed […]
SLSI commends Hemas Hospitals as first hospital in SL to obtain COVID-19 Safety Certification
The National Standards Authority, Sri Lanka Standards Institute (SLSI) commends leading private healthcare provider Hemas Hospitals, as the first hospital in the country to obtain the COVID-19 Safety Certification. The SLSI established the Certification Scheme to ensure that an organisation and its stakeholders, through its activities, products, and services, are safeguarded from the risks of […]
‘s IPO draws Rs 25.7Bn worth applications
The WindForce Limited Initial Public Offering (IPO) of Rs.3.2 Bn, the largest IPO announced at the Colombo Stock Exchange (CSE) since 2011, has attracted applications amounting to a value of Rs 25.7 Bn, demonstrating the strong appetite for IPOs among investors in the Sri Lankan stock market. The company’s IPO for 202,615,341 shares at an […]