Company filings and market news from across Sri Lanka's stock market.
Hela Apparel Holdings raised Rs1,597,570,550 through a rights issue of 319,514,110 ordinary voting shares to enable a sub-subsidiary to settle existing bank borrowings. The share traded at Rs6.10 and the company earlier acquired UK-based Focus Brands for £8m.
Rights issue · 8:33 at Rs 5.00 · XD Aug 27, 2024
The ASPI fell 0.65% to 10,571, taking its YTD return to -0.78%. Declines in Commercial Bank, John Keells, Sampath and HNB led the drop; turnover was Rs.1bn (up 46.9% vs monthly average) and foreign investors were net buyers of Rs.131.1m.
ASPI fell 0.65% to 10,571, pushing its YTD return to -0.78% — the first YTD negative for 2024. Banking and blue-chip counters (Commercial Bank, John Keells, Sampath, HNB, DFCC) led declines; turnover was Rs.1bn (up 46.9% vs monthly avg) and foreigners net bought Rs.131.1m.
The Exporters' Association of Sri Lanka held its 27th AGM on 30 Jul 2024, electing Yohan Lawrence as Chairman and appointing HNB's Rozanne de Almeida and Hayleys' Nalaka Rathnayake as 1st and 2nd Vice Chairs; the managing committee includes listed exporters such as HNB, Sampath, Hayleys, Dipped Products, Lion Brewery, Bogala Graphite and Hela Apparel.
Rights issue · 8:33 at Rs 5.00 · XD Aug 27, 2024