Lamurep Investments acquires further stake in Sunshine Holdings, investing Rs. 1 billion – The Island

2021-12-27 17:04:03 By : Mr. Zhiye Lu

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Lamurep Investments Ltd. last week invested nearly Rs. 1 billion to acquire a further stake in Sunshine Holdings PLC. Lamurep, being the major shareholder of the company, previously held a 51.09 percent stake in Sunshine and last week picked up a further 8.38 per cent, thereby increasing its holding to 59.47 per cent.

It bought 30.13 million shares at Rs. 26.60 each and a further quantity of 7.5 million shares at Rs. 25.50 apiece in a total deal worth Rs. 991 million, stock market analysts said.

A technical glitch marred the CSE transition to Delivery Versus Payment (DVP) settlement best practice, delaying trading and eventually impacting investor sentiment. It took the stock market 45 minutes to commence trading. However, amid those developments the market bounced back somewhat yesterday and will take a few days to fully recover, stock market analysts said.

Both indices moved upwards. The All Share Price Index went up by 224 points and S and P SL20 rose by 56.67 points. Turnover stood at Rs. 2.9 billion with a single crossing. The crossing took place in Unisyst Engineering PLC, which crossed 27.6 million shares to the tune of Rs. 250 million, with a share price of Rs. 9.10.

In the retail market five companies that mainly contributed to the turnover were, Expolanka Rs. 869 million (10.3 million shares traded), LOLC Finance Rs. 212 million (27.7 million shares traded), LOLC Holdings Rs. 194 million (430,000 shares traded), Commercial Leasing Rs. 119 million (11.3 million shares traded) and JKH Rs. 88 million (665,000 shares traded). During the day 158 million share volumes changed hands in 27500 transactions. During the day LOLC Group and Expolanka were major contributors to the All Share Price Index.

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Abeywardane Constructions (Pvt) Ltd, a leading company in the construction field, became the proud winner of much coveted ‘Entrepreneur of the Year’ Award (Construction Industry) at the South Asian Business Excellence Awards 2021 which was held recently at Monash Imperial with the Former President Maithripala Sirisena and Minister Dayasiri Jauyasekara gracing the occasion as chief guests. The annual grand event was organized by South Asian Partnership Summit to recognize top players in the business world.

Abeywardane Constructions has earned a name as a registered contractor who has successfully completed massive constructions including highways, bridges, canals and multistorey buildings. Founded in 1990 the company won the award of excellence in irrigation sector at NCASL awards in 2007 for its project of water supply, irrigation, canal reconstructions and rehabilitation of Damminkandegama. Thereafter Abeywardane Constructions continued to receive similar awards for successful completion of many projects in 2008, 2010, 2011, 2014, 2015 and 2016. Receiving Janabhimani awards in 2017, 2018 and BWIO gold award was a turning point in their journey. The company has been awarded with ISO 9001:2015 quality certification. Commenting on the prestigious achievement, B. M. W. Abeywardane, MD, Abeywardane Constructions, stated that the dedication of his staff and the customers’ trust paved the way for them to reach such a higher level in the construction field. “I would like to express my heart felt gratitude to all my employees and our sole ambition is to go further in the construction sector and render a much better service with modern technology,” he added.

HTS Group, a world-renowned business conglomerate, bagged a much coveted ‘CSR Project of the Year’ Award at Business Excellence Awards 2021, organized by Business World International Organization and Best Social Services Company Award at South Asian Business Excellence Awards 2021 organized by SAPS. These two prestigious awards were granted to HTS Group for their donation of Anoma Hotel in Hanwella for a quarantine centre for the first time in the world. The Awards nights organized in recognition of exceptional organizations who achieved their ultimate goals for the year 2021 were recently held at Taj Samudra and Monarch Imperial respectively with Minister Chamal Rajapaksa, former president Maithripala Sirisena and Minister Dayasiri Jauyasekara gracing the occasions as chief guests.

Born in historic city of Seethawake and having started his career as a pilot officer of the Air Force, Rathnasiri Priyantha founded HTS group of companies after gaining experience in the private sector as a sales executive and obtaining a PhD in business management. HTS group comprising five companies such as HTS Senu, Cargo & Shipping Services, HTS Engineering (Pvt) Ltd, Cool Energy (Pvt) Ltd and SN & M Trading has recorded a tremendous success in a few years with establishing strong business partnerships in the US, Australia, Italy, China, Dubai, India and Vietnam. HTS Engineering revolutionized the construction sector by introducing iron structures for speedy large-scale constructions which can be removed and relocated when and where it is necessary. Factory buildings as well as high luxury housing schemes mark HTS engineering’s track record. HTS Group has helped cattle farmers in their milking industry by introducing a portable milking machine on easy payment basis. Rathnasiri Priyantha Chairman/MD, HTS Holdings, is also the chief executive director of Fundamental Rights and Other Rights organization.

Nestlé Lanka launched its flagship kiosk ‘Café Goodness’ through Nestlé Professional, Nestlé’s out-of-home food and beverage solutions provider, on 11 December 2021. Conveniently located at the Bloomfield Cricket and Athletic Club premises, ‘Café Goodness’ is a one-stop solution for consumers seeking quick and tasty food and beverage options prepared from Nestlé products. The kiosk was declared open by the Vice President of Bloomfield Cricket and Athletic Club, legendary cricketer Roshan Mahanama, General Secretary of Bloomfield Cricket and Athletic Club, Sudharma De Silva, and legendary cricketer Chaminda Vaas, along with Jagath Wedage, Senior Vice President Sales of Nestlé Lanka and Roshan Perera, Vice President of Nestlé Professional.

“It gives us great pleasure to embark on a journey to enhance Nestlé’s out-of-home consumption experience. With the launch of ‘Café Goodness’, we hope to offer a unique space for our consumers to create good food moments out-of-home as they would at home. We have an exciting menu on offer, complemented by quality products, efficient service, great ambience, and the assurance of food safety” said Roshan Perera, Vice President of Nestlé Professional.

As part of Nestlé’s efforts towards doing good for the community, the operation of this kiosk was handed over to an aspiring entrepreneur, Chef Prashan Kumara, who is experienced in both the food and beverage and service industries. The company will work closely with him and provide the necessary support on infrastructure, recipes, and training, to deliver the best out-of-home experience to its consumers. Nestlé also has plans of expanding this initiative by setting up more kiosks in the future and creating more opportunities for aspiring entrepreneurs.

Nestlé has been an integral part of Sri Lankan lives for over 115 years. Driven by its purpose of ‘unlocking the power of food to enhance quality of life for everyone, today and for generations to come’, Nestlé caters to consumers across generations from early childhood to old age through its diverse food and beverage portfolio.

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