Company Overview and News

Planters Association calls for greater support in oil palms 

2017-11-30 lankabusinessonline
Nov 30, 2017 (LBO) – Sri Lanka’s Planters Association has called for more support for palm oil as profits from the crop are rising at a healthy pace.

Agalawatte Plantations to take legal action against previous management

2017-04-04 lankabusinessonline
Apr 04, 2017 (LBO) – Sri Lanka’s Agalawatte Plantations has resolved to take legal actions against the previous management shortly to recover the funds misappropriated during their tenure of office.

Mackwoods says Agalawatte share sale had shareholder approval

2016-08-09 lankabusinessonline
Aug 09, 2016 (LBO) – Sri Lanka’s Mackwoods Plantations (Private) Limited says the recent share sale of Agalawatte Plantations had been unanimously approved by the shareholders of the company.

Sri Lanka’s Agalawatte employees agree to work with Browns

2016-07-26 lankabusinessonline
July 26, 2016 (LBO) – The Joint Employees’ Union for the Protection of Agalawatte Plantations has agreed to work with Browns who purchased 60 percent of Agalawatte shares from Mackwood Plantations.

Agalawatte Plantations PLC Employees Oppose Takeover By Browns Group

2016-07-22 colombotelegraph
With Sri Lanka’s capital market watchdog – the Securities and Exchange Commission (SEC) of Sri Lanka announcing the withholding of sale proceeds of Agalawatte Plantations PLC this week, employee representatives all six estates of Agalawatte Plantation say they will oppose the gaining of effective control by the buyer Browns Group till the SEC clears out the imbroglio.

SEC blocks sale of Agalawatte Plantation shares in directive

2016-07-20 lankabusinessonline
July 20, 2016 (LBO) – Sri Lanka’s Securities and Exchange Commission (SEC) in a directive to Claridge Stockbrokers says the sales proceeds of 304 million rupees for 15.2 million shares of Agalawatte Plantations must be withheld pending an investigation.

Lotus Renewable to make mandatory offer for Browns Hydro Power

2016-07-18 lankabusinessonline
July 18, 2016 (LBO) – Lotus Renewable Energy (Private) Limited says it will make a mandatory offer to buy shares of Browns Hydro Power PLC after purchasing 72.13 percent shares in the company.

LOLC client Browns Power buys 60.3 pct stake in Agalawatte

2016-07-15 lankabusinessonline
July 15, 2016 (LBO) – LOLC Securities, under rule 36 of the Company Takeovers and Mergers Code, has informed the Colombo Stock Exchange that their client Browns Power Holdings (Private) Limited has purchased 60.3 percent of Agalawatte Plantations PLC.

Presidential Advisor Chris Nonis Mum Over His Rupees One Billion Heist

2016-07-04 colombotelegraph
Advisor to President Maithripala Sirisena, Chris Nonis continued to remain mum amidst allegations that he had pilfered Rs. 1.1 billion in a scam.

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