Pandemonium at Sri Lanka Ceylinco Insurance meeting – Update

COLOMBO (EconomyNext) – Pandemoium broke out at a meeting of shareholders at Sri Lanka’s Ceylinco Insurance with some protesting attempts to split the firm amid a court battle, an eyewitnes said.

A shouting match broke out betweeen some shareholders and directors after several resolutions were read out and the meeting terminated, he said.

When attempts were made to remove protesting shareholder one security guard was bitten in the chest, he said.

At a second meeting of shareholders which started at 11.30 am, shareholders were informed by the directors that they had a court order allowing the firm to be split.

Some shareholders had raised questions about the split which had been answered and the meeting had concluded peacefully, the witness said.

Update II