Lanka Securities Morning Note 22 May 215

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Lanka Securities Morning Note 22 May 215 Empty Lanka Securities Morning Note 22 May 215

Post  Melissa Pereira on Mon May 25, 2015 10:51 am

Orient Finance & Bartleet Finance – Proposed Amalgamation:
Orient Finance (ORIN) and Bartleet Finance (BFN) made a joint announcement to CSE
informing that the boards of directors of the companies have decided to amalgamate
ORIN and BFN, which are subsidiaries of Janashakthi PLC after due consideration. The
companies had made an application to the Central Bank of Sri Lanka seeking provisional
approval for the proposed amalgamation. (Refer attachment for more details)
Commercial Credit & Finance – Debenture Issue of LKR 1bn:
Company has received over LKR 1bn for the debenture issue by the company and
accordingly the issue has been oversubscribed. Therefore, the issue closed on 21st May
2015 as per the prospectus.
Finlays Colombo – Corporate Disclosure:
The GSA agreement between Cathay Pacific Airways Ltd and JFIN will not be renewed
and will terminate on 31st December 2015, the end of the current agreement. (Refer
attachment for more details)
Attachments
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Melissa Pereira

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