Sri Lanka Stock Picks

Sri Lanka stock picks site has been developed to give first hand information with regard to share trading opportunities available for investors who do not like go through lengthy research reports, calculations,etc but to have a clear idea about stocks that have future up side potential.Our service is just not for day traders but for the investors who wish to see their money growing in the long run.Our main objective is to provide information relating to trading under one roof.

Monday, March 19, 2012

Sri Lanka Aitken Spence 5-pct stake bought by foreign investor

Mar 19, 2012 (LBO) - A five percents stake in Sri Lanka's Aitken Spence Plc was bought by a foreign buyer from the Employees' Provident Fund, a state-managed retirement fund of private citizens.

The EPF sold 20.5 million shares to a foreign party an official said without elaborating.

The deal was executed in three off-market deals totaling 2.36 billion rupees at 115 rupees.

The EPF on Friday sold 71 million shares in John Keells Holdings to Malaysia's Khazanah Nasional Berhard.

source - www.lbo.lk