TFG depositors convert into equity
Over fifty percent of the deposit holders of The
Finance and Guarantee Ltd (TFG) which once came under the troubled
Ceylinco Group, have converted their deposits into equity of the
registered company. These 2,100 depositors who account for half of
the Rs 3 billion in deposits at TFG have been offered B Class non
voting shares.
 Full Story
Facets facilitates US$ 1 b export target
Sri Lanka’s only international gem and jewellery
show Facets Sri Lanka will accelerate the government’s target of
reaching US$ 1 billion through gem and jewellery exports by 2016.
Sri Lanka Gem and Jewellery Association (SLGJA) Vice Chairman (Gem
Segment) A.H.M. Imtizam said FACETS 2011 will help the industry to
display its vast range of product offerings for the buyers and
create more opportunities to reach US$ 1 billion export earnings by
2016.
Full Story
CDB profits up 1Q
Rs 718 m rights issue to support planned
expansion:
Citizens Development Business Finance PLC (CDB)
recorded impressive financial results for the first quarter of the
2011/12 financial year posting a profit-after-tax figure of Rs 80
million. This reflects a growth of 132 percent in comparison with
the corresponding previous quarter as per the interim results
released to the Colombo Stock Exchange.
Full Story
|
