Tuesday September 25, 2018

Thailand's Group Lease buys 30-pct stake in Sri Lanka's Commercial Credit in Rs10bn deal

Dec 08, 2016 15:43 PM GMT+0530 | 1 Comment(s)

ECONOMYNEXT – Thailand's Group Lease Holdings bought a 30% stake in Sri Lanka's Commercial Credit and Finance at Rs111 a share in a Rs10.6 billion deal, a stock exchange filing said.

Stock brokers Asia Securities said its client Group Lease Holdings bought 95,390.500 shares of Commercial Credit and Finance, a 29.99% stake.

 Commercial Credit and Finance closed at Rs60.60 Thursday after trading in the Rs60.30-67 range.

The deal was the largest transaction on the Colombo bourse since March 2012.

Asia Securities handled the entire buy side and almost 80% of the sell side of the deal, giving it a leading market share for foreign trading, sources said.
(COLOMBO, Dec 08, 2016)


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  1. sacre blieu December 10, 10:45 AM

    When investors have a low profile about the stock market here, suddenly a miracle. Premium price and record investment against the value of the stock measured by the buyers and sellers on the trading floor. Oh, what a world, Oh what a show.

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