Asha Central to dispose remaining 5% shares

Hiran H. Senewiratne

ASHA CENTRAL Hospital Limited is on the look out for a buyer to sell the existing five per cent remaining shares of the company to appoint a new director board.

“Once these shares are disposed new shareholders will have to make a mandatory offer to appoint the Board,” stock market sources said.

The appointment of its new director board is expected within the next one or two months with the disposing of the existing five per cent of outstanding shares.

According to market speculation the new Chairman would be Ashok Pathirage and until then Dr Neville Fernando will function as the pro tem Chairman.

Asha Central Hospital’s existing management change with the purchase of its shares by Asiri Medical Services Limited and Soft Logic.

It is said that 22.3 million shares were traded at Rs 10 per share for this management change.

Dr. Fernando said he would not charge the three per cent fee of the turnover with the Asha management change in the future.

Control of Asha Central Hospital changed on the Colombo Stock Exchange for a consideration of Rs 1.8 billion with a consortium comprising Asiri Hospitals and Softlogic Holdings buying up the hospital.