Today market alerts:by LSL

Daily Alerts: Today

XR From– Rights issue: Softlogic Capital Limited

XD Date: Kelani Cables Plc  (Rs.1.50)

Corporate Announcements

Corporate Disclosure: Lion Brewery Plc

Company has redeemed 35.0mn redeemable cumulative preference shares issued to Ceylon Brewery Holding Plc.

Related Party Transactions : Infrastructure Developers Plc

Company has entered in to a sell and purchase agreement with its parent company Navara Capital Ltd. to acquire 85.2mn share (60.0% stake) in Serendib Investment Holdings Ltd for a consideration of Rs.85.2mn. Subject company is engaged in telecommunications, plantation engineering, water supply and filtration, marine & railway engineering etc.

Disclosure: Softlogic Capital Limited

Company has entered in to a share sale and purchase agreement with Forbes Capital (Pvt) Ltd. to sell 5.1mn shares of Softlogic Credit Limited at a consideration of Rs.100.0mn.

Local News

·         $ 400 m IMF lifeline for struggling Sri Lanka

·         HNB assigned international rating

·         China, India, S’pore looking for long term options in Lanka

·         Rupee falls on import demand, overnight lending rates ease

Foreign News

·         Dollar Remains Lower Before U.S. Factory Orders

·         Oil Drops After Biggest Gain in Six Weeks on Outlook for Supply

·         Most Asia Stocks Fall as Yen Drags Japan Before H.K. Open