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