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Fifty million ordinary voting shares at Rs 5
each:
Browns Investments goes for Rs 250 m share issue
Plans underway for star class hotel at Kosgoda:
Browns Investments (BI) will go in for a Rs. 250
million Initial Public Offering on Thursday (June 23) aimed at
building a 150 roomed beach resort in the Southern coastal city of
Kosgoda. A total of 50 million ordinary voting shares will be
offered at Rs 5. The offered ordinary shares will amount to 2.69
percent of the issued and paid up ordinary shares of the company
subsequent to the offering. The company will be listed on the Diri
Savi Board of the Colombo Stock Exchange.
 Full Story
Lanka to explore petroleum, gas deals with Petronas -
Minister Susil Premjayanth
Sri Lanka will have the opportunity to deal with
global petroleum and gas giant Petronas following Petroleum and
Petroleum Resources Development Minister Susil Premajayanth meeting
the top management of the multinational corporate in the Malaysian
capital of Kuala Lumpur last week.
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WB to assist amend SEC Act
A World Bank team is currently in Sri Lanka to
assist in the amendments to the Securities and Exchange Commission
Act and will be here for the next six months. This was revealed at
the opening of the Capital Market Development Workshop held during
the weekend at Negombo.
Full Story
New canned fish product from Foreconns Food Canning
EU certified food canning company Foreconns has
introduced a new quality canned fish product made out of fresh water
fish for the domestic market . Foreconnes Food Canning Chairman
Nimal Jayasuriya told Daily News Business that Sri Lanka can save a
large amount of foreign exchange if this product is developed for
the local market.
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