Business
Agarapatana Plantations debuts trading on the CSE
The shares of Agarapatana Plantations Limited (CODE: AGPL-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 04th September 2023. The shares have been listed on the Diri Savi Board of the CSE under the Food, Beverage & Tobacco sector. The occasion was marked with a special Bell Ringing Ceremony.
The company’s Initial Public Offering (IPO) for 83,070,111 ordinary voting shares has been oversubscribed at an issue price of LKR 9.00 per share.
The event was attended by Agarapatana Plantations Ltd. (APL), Chairman, S.D.R. Arudpragasam, Managing Director, Sunil Poholiyadde, APL Director and CSE Former Chairman, Ajit Jayaratne, Chief Executive Officer (CEO), Denham Madena, Finance Director, Kowdu Mohideen, senior representatives of APL and Manager to the Issue, Capital Alliance Partners Limited’s CEO, Nishok Goonasekera, Vice President/Head of Equity Capital, Ashvanth Vijayaram, and staff of Capital Alliance Partners Limited.
The CSE was represented at the event by its Chairman, Dilshan Wirasekara, CEO, Rajeeva Bandaranaike, Chief Regulatory Officer (CRO), Renuke Wijayawardhane, Chief Information Officer (CIO), Chandrakanth Jayasinghe, and the CSE Senior Management and staff.
Delivering opening remarks, CSE Chairman Dilshan Wirasekara congratulated Agarapatana Plantations Ltd. on its initiative to go public. “Today is a special day for Agarapatana Plantations Ltd. and for the CSE, as this is the second listing of the year. The IPO was oversubscribed on the initial day itself, within a couple of hours. This shows the investor appetite and the value that the company represents.”
Wirasekara further said, “We know that APL, a subsidiary of Lankem Developments PLC, is at the forefront of the tea industry as one of the largest tea producers in Sri Lanka. And I think it makes a significant contribution to forex generation in Sri Lanka.”
“We are very happy to have APL listed on the CSE, and we hope this will encourage more companies to list on the CSE. Listing would further enhance your value in terms of corporate governance practices and public disclosure of company information.”
Thanking the CSE and Capital Alliance Partners Ltd. for their support and encouragement in enabling the public issue of the company, S.D.R. Arudpragasam, Chairman of APL, stated, “The listing marks a significant milestone in the history of the company since its privatization in 1992. As we become listed, we recognize the responsibilities that come with these rules. We understand the market demands transparency, accountability, and a relentless focus on creating and delivering value. Our presence on this esteemed platform is a testimony to the trust and confidence that our new shareholders have placed in us, which is also a reflection of the confidence in the plantation sector and the equity markets.”
“In the last few years, we changed the way we manage our plantations. We have accepted the need to think differently and embrace the growth changes as a new reality, one that is defined by innovation and the pursuit of excellence and growth,” added Arudpragasam.
He further said, “Our success should not be measured solely on financial terms but also by the positive impact we create in the communities in which we operate. We are also committed to sustainable practices that benefit not only our shareholders but also the environment and society at large. Our listing is a commitment for our future, in which we drive growth through responsible business practices.”
APL is one of the few mono-crop companies in the plantation sector, with all of the tea extent located in the “High Grown” districts of Nuwara Eliya and Badulla.
The Company has plantations located in the Agras Valley and Uva regions in Sri Lanka, and the properties held by APL include historical properties like Dambatenne Estate.
Business
APHNH aims to make Sri Lanka more competitive for healthcare investment
Sri Lanka private healthcare leaders recently pledged an action plan with timelines to address the practical priorities of Sri Lanka’s healthcare sector while making it more viable for local and foreign investments.
The Association of Private Hospitals and Nursing Homes (APHNH) has committed to converting recommendations from its first Healthcare Leadership Summit into a trackable outcome document with defined actions, responsibilities, and timelines, marking a shift from discussion to implementation in sector reform efforts.
The summit held on March 9 at Waters Edge, Colombo, brought together hospital leaders, policymakers, regulators, insurers, and international experts to address practical priorities for Sri Lanka’s healthcare sector.
A key outcome of the summit was APHNH’s plan to consolidate recommendations into a single, trackable charter that will outline specific actions, assign responsibilities, establish timelines, and provide periodic progress updates.
“Our objective is to bring the right decision-makers into one room and focus on what can be implemented, not only what can be discussed, ” said Raveen Wickremesinghe, President of APHNH. “We are committed to taking the inputs from today and converting them into a clear, trackable set of actions that strengthens quality, transparency and public confidence, while supporting national health priorities. “
The summit featured insights from Dr. Hafeez Rahman Padiyath, Dr. Hamdani Anver, and Chandana L. Aluthgama on scaling quality and operational discipline. A keynote and fireside discussion with Dr. Paiboon Eksangsri, President of the Private Hospital Association of Thailand, explored lessons from Thailand’s private healthcare development and conditions for making Sri Lanka more competitive for healthcare investment.
By Sanath Nanayakkare
Business
Atlas SipSavi Naththal Poronduwa records positive public participation, benefiting 10,000 students
Atlas, Sri Lanka’s No. 1 learning brand, successfully concluded Atlas SipSavi Naththal Poronduwa, a national initiative that saw strong public participation in supporting children at risk of dropping out of school due to financial hardship. At a time when more than 22,000 Sri Lankan children leave school each year due to rising economic challenges, the initiative reinforced Atlas Sipsavi’s long-standing ‘No Child Left Behind’ promise by turning seasonal generosity into meaningful educational support.
The initiative reached 10,000 students, with beneficiary schools carefully selected to ensure support reached those most in need. The collected books were distributed to children at risk of dropping out, including those whose education had been disrupted by recent adverse weather, ensuring students had essential learning resources at the start of the new school term. Through its flagship Atlas SipSavi programme, the brand focused on improving access to education by providing essential learning tools, scholarships, and infrastructure to create better learning environments, bringing its purpose of ‘making learning fun’ to life in a meaningful way. As part of the initiative, the public was invited to donate schoolbooks, with each contribution matched one-for-one by Atlas. Donation boxes were placed at all Keells outlets island-wide and at Sarvodaya District Offices, making it easy for communities to take part.
Business
John Keells Logistics expands strategic engagement with CWIT through inter-terminal transport operations
John Keells Logistics (Pvt) Ltd (JKLL), one of Sri Lanka’s leading third-party logistics solutions providers, has successfully expanded its operational engagement with Colombo West International Terminal (Private) Limited (CWIT), through inter-terminal transport services within the Port of Colombo. This enhanced engagement further strengthens CWIT’s efforts to improve operational efficiency, reliability, and scalability across terminal activities.
Inter-terminal transport plays a critical role in modern port operations, requiring high levels of coordination, precision, and operational discipline. JKLL’s appointment for ITT operations reflects CWIT’s confidence in the company’s demonstrated capabilities in managing complex transport operations within a high-throughput port environment.
The ITT operations are underpinned by JKLL’s technology-enabled logistics framework, incorporating real-time fleet tracking, performance monitoring systems, and data-driven operational planning. These capabilities provide enhanced visibility and control over transport movements, while ensuring compliance with established safety, productivity, and service quality standards.
The awarding of this engagement to JKLL is a testament to the successful implementation of the Inter-Terminal Vehicle (ITV) operations undertaken by John Keells Logistics at CWIT during the previous year. The ITV assignment was executed through structured operating procedures and disciplined service delivery, contributing to improved cargo movement, operational coordination, and service continuity within the terminal. The performance outcomes of the ITV operations provided the basis for the subsequent expansion of the partnership into ITT services.
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