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Plans to sell controlling stake in Dankotuwa Porcelain boost market; Lanka IOC shares up as well

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By Hiran H.Senewiratne

CSE trading was slightly volatile yesterday but in mid- session the market received a boost when plans were announced for the sale of the controlling stake in Dankotuwa Porcelain, market analysts said.It is said that a share purchase agreement was announced between Ambeon Holdings and Ceyline Investments. Ambeon Holdings plans to sell a 50.1 percent stake in Dankotuwa Porcelain to Ceyline Investments, running into Rs 2.3 billion.

The overall market is moving up on domestic debt optimization assurances, picking up several stock counters in the market, analysts said. According to Ambeon, the transaction is subject to completion on conditions precedents identified in the said share sales and purchase agreement.

The Lanka IOC share price also moved up with the announcement that Sri Lanka is in talks with India to build an oil pipeline to transport fuel to the Eastern Port of Trincomalee.

‘There are on-going discussions on bringing an oil pipeline from India to Trincomalee, President Ranil Wickremesinghe told energy investors, according to a statement from his media office.

Trincomalee has a World War II-era 99 tank farm. A part of the tank farm is under the control of Lanka Indian Oil Corporation. The rest is under the joint control of IOC and the Ceylon Petroleum Corporation.

Further, the banking and diversified financial sectors are picking up on domestic debt optimization assurances, while investors are seeking alternative investments, bringing up the market on green, an analyst said. The consumer durables and apparel sector drew in 2.3 billion rupees in revenue in mid- day trade.

Amid those developments both indices moved upwards marginally. The All- Share Price Index was up by 1.5 points and S and P SL20 rose by 8.2 points. Turnover stood at Rs 5 billion with eight crossings. Those crossings were reported in Dankotuwa Porcelain, where 81.4 million shares crossed to the tune of Rs 2.3 billion and its shares traded at Rs 28.30, Distilleries 1.5 million shares crossed for Rs 33.7 million; its shares traded at Rs 32.50, HNB’s 200,000 shares crossed to the tune of Rs 32.8 million; its shares traded at Rs 164.

Sunshine Holdings 602,000 shares crossed to the tune of Rs 30.1 million; its shares traded at Rs 50, Hayleys 300,000 shares crossed for Rs 27 million; its shares traded at Rs 90, JKH 145,000 shares crossed for Rs 23 million and its shares fetched Rs 159m, Bahira Farms 125,000 shares crossed to the tune of Rs 21.2 million and its shares traded at Rs 170 and Expolanka Holdings 150,000 shares crossed for Rs 21.15 million; its shares traded at Rs 141.

In the retail market top seven companies in the market that contributed to the turnover were Lanka IOC, Rs 409.7 million (2.9 million shares traded), Sunshine Holdings Rs 371 million (7.4 million shares traded), Hemas Holdings Rs 109.7 million (1.4 million shares traded), Sampath Bank Rs 98.2 million (1.5 million shares traded), JKH Rs 74.6 million (469,000 shares traded), Commercial Bank Rs 70.1 million (874,000 shares traded) and Aitken Spence Rs 69.6 million (512,000 shares traded). During the day 172 million share volumes changed hands in 13000 transactions.

Lankem Group’s Agarapatana Plantations Ltd. is to list on the Colombo Stock Exchange via an Initial Public Offering worth Rs. 747.6 million.The CSE has approved, in-principle, an application by the company to list on the Diri Savi Board.

The IPO involves 83,070,111 Ordinary Voting Shares at Rs. 9 each. The quantity of shares amount to 16.61% of the post-issue Ordinary Voting Shares of the company.Net Asset Value per share of the Equity (NAV) is Rs. 8.43 and the Offer Price is 1.07 times the NAV. Capital Alliance Partners Ltd. is the manager of the IPO.

Funds raised via the IPO are for investment in modern equipment to develop APL factories to “State of the Art – Processing Centres” (Rs. 672.6 million) and settlement of high-cost term loans worth Rs. 75 million.Yesterday the Central Bank’s US dollar buying rate was Rs 308.16 and selling rate Rs 321.87.



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HNB Finance bags 2 CMA Reporting Awards 2025

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Prof. Ho Yew Kee presents the award, while Rajeeva Bandaranaike hands over the certificate to the HNB Finance team. Featured (right to left): Thushara Jayasekara – Chief Manager / Head of Corporate Planning & Analytics; Randula Munindradasa – Assistant Manager Planning & Analytics; Sandakelum Jayathunga – Senior Manager – Financial Reporting; Maheshika Samarakoon – Manager – Strategy Implementation & Reporting

HNB Finance PLC has been honoured with two prestigious accolades at the CMA Excellence in Integrated Reporting Awards 2025, reaffirming the company’s commitment to transparency, good governance, and integrated business performance.

At this year’s ceremony, HNB Finance PLC was awarded Second Runner Up – joint in the category of “Best Integrated Report , Finance and Leasing Sector”, and also received a Merit Award in recognition of its continued efforts to enhance reporting quality and strengthen stakeholder communication.

The CMA Excellence in Integrated Reporting Awards, organised annually by the Institute of Certified Management Accountants (CMA) of Sri Lanka, acknowledge organisations that demonstrate superior financial reporting standards aligned with global best practices. Winners are assessed on key criteria such as financial performance and strategic management, corporate governance and compliance, innovation and digital transformation, sustainability practices, and professional excellence.

Chaminda Prabhath, Managing Director/CEO of HNB Finance PLC, commented on the recognition, “These awards reaffirm our commitment to upholding the highest standards of integrated reporting and transparent financial disclosure. At HNB Finance, we remain focused on delivering sustainable long-term value through robust governance frameworks, prudent financial management, and continuous innovation. The acknowledgement by CMA Sri Lanka reflects the disciplined efforts of our teams across the organization and motivates us to further enhance our reporting quality, strengthen ESG integration, and reinforce our stakeholder centric approach.”

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ComBank joins ‘Liya Shakthi’ scheme to further empower women-led enterprises

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Mithila Shyamini, Assistant General Manager – Personal Banking at Commercial Bank and Jude Fernando, Chief Executive Officer of the National Credit Guarantee Institution exchange the agreement in the presence of representatives of the two organisations

The Commercial Bank of Ceylon has reaffirmed its long-standing commitment to advancing women’s empowerment and financial inclusion, by partnering with the National Credit Guarantee Institution Limited (NCGIL) as a Participating Shareholder Institution (PSI) in the newly introduced ‘Liya Shakthi’ credit guarantee scheme, designed to support women-led enterprises across Sri Lanka.

The operational launch of the scheme was marked by the handover of the first loan registration at Commercial Bank’s Head Office recently, symbolising a key step in broadening access to finance for women entrepreneurs.

Representing Commercial Bank at the event were Mithila Shyamini, Assistant General Manager – Personal Banking, Malika De Silva, Senior Manager – Development Credit Department, and Chathura Dilshan, Executive Officer of the Department. The National Credit Guarantee Institution was represented by Jude Fernando, Chief Executive Officer, and Eranjana Chandradasa, Manager-Guarantee Administration.

‘Liya Shakthi’ is a credit guarantee product introduced by the NCGIL to facilitate greater access to financing for women-led Micro, Small, and Medium Enterprises (MSMEs) that possess viable business models and sound repayment capacity but lack adequate collateral to secure traditional bank loans. Through NCGIL’s credit guarantee mechanism, Commercial Bank will be able to extend credit to a wider segment of women entrepreneurs, furthering its mission to drive inclusive economic growth.

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Prima Group Sri Lanka supports national flood relief efforts with over Rs. 300 Mn in dry rations

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Defence Secretary Air Vice Marshal (Retd) Sampath Thuyacontha receiving the donation from Sajith Gunaratne - General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera - General Manager of Ceylon Grain Elevators PLC

Prima Group Sri Lanka has pledged assistance valued at over Rs. 300 million, providing essential Prima food products to support communities affected by the recent floods across the island. This relief initiative is being coordinated through the Ministry of Defence to ensure the timely and effective distribution of aid to impacted families.

As part of this commitment, Prima Group Sri Lanka donated a significant stock of Prima dry rations to the Government of Sri Lanka on 30 November. The consignment will be distributed across multiple severely impacted districts. These supplies will support families facing disruptions to daily life, ensuring they receive assistance as recovery efforts continue.

The handover took place at the Ministry, where the donation was received by the Secretary of Defence, Air Vice Marshal (Retired) Sampath Thuyacontha. Representing Prima Group Sri Lanka, Sajith Gunaratne – General Manager of Ceylon Agro Industries Limited, and Sanjeeva Perera – General Manager of Ceylon Grain Elevators PLC, officially presented the donation.

Prima Group has been standing with the people of Sri Lanka for over 40 years, and this donation reflects its broader commitment to the nation during challenging times. As relief operations continue across the island, the company remains focused on helping families rebuild their lives and supporting the ongoing recovery process in collaboration with the Government Authorities.

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