Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» BFN Price HOLDING ON AS THE DEAL COME CLOSER
by sanjulanka Today at 1:29 pm

» Financial Reports Q-3 2018
by ruwan326 Today at 11:52 am

» Another Finance sector deal UBC UBC UBC Deal
by kalu351 Today at 10:56 am

» BFN BFN BFN BFN BFN DEAL ......WITH CHINESE BANK
by kalu351 Today at 10:54 am

» MARKET RISE - GUARANTEED
by samaritan Today at 10:21 am

» #PM Crisis#
by samaritan Today at 9:41 am

» MARKET CRASH - GUARANTEED
by Maharaja Today at 9:32 am

» ##FUN TOONS###
by ruwan326 Today at 7:43 am

» Q-TO-Q Financial Report-Financial Performance- Period ended 30 September 2018
by ruwan326 Yesterday at 9:00 pm

» Daily Foreign Transactions
by ruwan326 Yesterday at 8:12 pm

» CB raises key rates in surprise move to support currency
by Miss-Sangeetha Yesterday at 4:59 pm

» President rejects NCM brought against PM, Govt.
by ranferdi Yesterday at 2:36 pm

» DIVIDEND ANNOUNCEMENTS- OCT/NOV
by ruwan326 Yesterday at 1:59 pm

» SRI LANKA @ 2020
by ruwan326 Yesterday at 7:21 am

» Supreme Court issues stay order on Gazette dissolving Parliament
by THUWA Wed Nov 14, 2018 5:28 pm

» CSE THIS WEEK
by ruwan326 Wed Nov 14, 2018 8:27 am

» Veterans return to lead state banks
by ruwan326 Wed Nov 14, 2018 8:21 am

» Collect ODEL Range Rs. 23-25 .......Target Price over Rs.35
by soileconomy Tue Nov 13, 2018 8:54 pm

» අනං## මනං ##
by ruwan326 Tue Nov 13, 2018 8:52 pm

» JKH News & Reports
by ruwan326 Tue Nov 13, 2018 8:11 pm

» Survey - Individual Investors' Behaviour and Investment Performance
by eroshans Tue Nov 13, 2018 3:49 pm

» USD/MXN Can Face A Bearish Reversal
by GersonH Mon Nov 12, 2018 10:22 pm

» EURUSD breaks major horizontal support
by GersonH Mon Nov 12, 2018 10:18 pm

» EURCHF is headed south
by GersonH Mon Nov 12, 2018 10:14 pm

» EURUSD: the pair is close to the lower boundary of the B-B channel
by GersonH Mon Nov 12, 2018 10:12 pm

» Parliament dissolved from midnight ????????
by Yahapalanaya Mon Nov 12, 2018 6:24 pm

» JKH 1:20 Buy back trick.
by ranferdi Mon Nov 12, 2018 11:19 am

» Bitcoin Cash especially has a high chance
by GersonH Mon Nov 12, 2018 8:19 am

» USDCHF pivot point is at a level of 1.0095
by GersonH Mon Nov 12, 2018 8:17 am

» EURUSD: breakout of the upwards channel
by GersonH Mon Nov 12, 2018 8:15 am

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka: Damro Furniture Group of Damitha Ramanayake gets into plantations, buys Agalawatte Plantations and former Arjun Aloysius family owned F L M C Plantations

Sri Lanka: Damro Furniture Group of Damitha Ramanayake gets into plantations, buys Agalawatte Plantations and former Arjun Aloysius family owned F L M C Plantations

Go down  Message [Page 1 of 1]

Varshaa Selvanathan


Equity Analytic
Equity Analytic
One of the leading furniture manufacturing groups in Sri Lanka, Damro Group Chand their Chairman Damitha Ramanayake's Investment arms on 27th March 2017 bought 61% of former Macwoods led Chris Nonis' family owned Now LOLC-Browns owned Agalawatte Plantations for over Rs.274 Million.

Further Damro Group bought over over 45% of Sri Lanka's Bond Manipuator Arjun Aloysius's Grandfather Kattar Aloysius family owned Free Lanka Capital owned (Now Browns Capital owned by LOLC after controversial Bond Deal happened in February 2015) Now LOLC-Browns owned F L M C Plantations (Pvt) Ltd (Free Lanka Management Co. Plantations) for Rs. 4.6 billion.

Stock Exchange Files:

https://cdn.cse.lk/cmt/upload_cse_announcements/6661490615123_.pdf


https://cdn.cse.lk/cmt/upload_cse_announcements/1421490613782_.pdf


https://cdn.cse.lk/cmt/upload_cse_announcements/9731490615049_.pdf

reyaz

avatar
Manager - Equity Analytics
Manager - Equity Analytics
Overall I should say this is a bad move, I recommend if these people should have a talk with industry experts, people like Merrill J Fernando and Hilmy Cader because there are a series of issues in the whole plantation industry. I could be wrong but there is a lot of pressure from the ministry of agriculture and this problem is linked with the PM's office, which changed policy to make this country move away from agriculture completely. And since there is no way to change government until 2020, we might actually end up with industry oriented economy.

nimantha80


Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Correct timing

Yahapalanaya

avatar
Vice President - Equity Analytics
Vice President - Equity Analytics

Notorious MR who cheated Rupavahini Corp. in a sum of Rs. 160 million up to his tricks with courts too ! Asks time to attend

Two cases begin against Basil too : Rs. 3000 million Samurdhi funds misappropriation !


(Lanka-e-News - 16.March.2017, 11.45PM) The notorious defeated and people discarded ex president Mahinda Rajapakse who is by now a byword for corruption and perfidies , was summoned  before the  Presidential commission today (16) for questioning based on charges of cheating the State Rupavahini Corporation in a sum of Rs. 160 million over his non payment of fees in respect of his advertisements via the TV channel  during the last presidential elections . The well noted Machiavellian mendacious Mahinda Rajapakse in keeping with his overriding trait of doing everything unlawful and  avoiding everything that  is lawful kept avoided  courts today . He asked for another date – 24 th from court via a letter which was produced in court by his  lawyer Ganesh Dharmawardena .
The pathetic state of this country ‘s political landscape can be gauged in this backdrop in which   individuals  who are  flagrantly  cheating even  the State Institutions are shamelessly contesting   presidential candidates . Is it any wonder if people get cheated after such scoundrels become president of the country?
Meanwhile the Colombo High Court yesterday served indictment charges on Basil Rajapakse ,  own brother of this same ex president Mahinda Rajapakse the infamous  ‘cheatah’, over a fraud involving a whopping sum of Rs.29.4 million ! This sum was spent by Basil out of the public funds of Samurdhi alias Divi Neguma illegally to print  5 million calendars with the photograph of Mahinda Raajapakse during the run up to the last presidential elections.
The second accused in this case was served with the indictment sheet earlier on. The judge who postponed the case until the 24 th of May granted cash bail of Rs. 500,000.00 plus two  personal bails  in sums of  Rs. 500,000.00 each. 
Basil for whom a  revolving door should be  installed in the prison  because he goes in and comes out so frequently , the case against him in which he spent over Rs.2990 million of Divi Neguma public funds illegally  on roofing metal sheets which were distributed as bribes during the last presidential elections, was transferred to the chief high court ,Colombo. The reason for this was : Basil’s   lawyer objecting to high court judge Gihan Kulatunge  hearing  the case . The other accused in this case are : Dr. Nihal Jayatileke ex secretary of Basil’s ministry , Bandula Thilaksiri and Kithsiri Ranawake. 


---------------------------
by     (2017-03-17 00:43:12)
We are unable to continue LeN without your kind donation.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum