Move heralds significant untapped potential in Sri Lankan real estate sector Says with right support and resources, Mylands has potential to evolve into one of Sri Lanka’s foremost property development platforms—scalable, innovative and aligned with nation’s future growth trajectory Latest acquisition hot on the heels of foray into leisure sector, with Rs. 900 m worth equity stakes in iconic Sri…
Ambeon Holdings PLC last week exited from Dankotuwa Porcelain PLC. It divested a 22.4% stake, amounting to 36.422 million shares, at prices ranging from Rs. 20.50 to Rs. 23.70 each. The share price of Dankotuwa closed on Friday at Rs. 20.70. The net asset per share of Dankotuwa as at 30 June was Rs. 20.03. Ceyline Investments holds 65% stake…
Strengthens growth strategy through near Rs. 900 m worth equity stakes in iconic Sri Lankan hotel companies The Kandy Hotels Company and Ceylon Hotels Corporation. Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, yesterday announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in the country’s tourism revival…
Ambeon Holdings PLC, a diversified conglomerate with a strong presence across multiple sectors, continues to strengthen its position in Sri Lanka’s financial services industry through strategic investments. Recently, the company increased its stake in Seylan Bank PLC by 0.98%, bringing its total holding to 8.61% of the bank’s ordinary voting shares. This move underscores Ambeon’s growing influence in the financial…
Nearly 30 fund managers from Germany are in Sri Lanka on a first of its kind fact finding and familiarisation visit on an invitation from Amebon Capital PLC (ACP). The delegation on a four-day tour is assessing prospects for list and private equity investments as well as Greenfield Foreign Direct Investments. With Euro 27 billion of Assets Under Management, NFS…
Ambeon Holdings PLC, yesterday made a significant strategic move in the financial services sector by acquiring a 7.63% stake in Seylan Bank PLC, further increasing its investments in the banking industry. This investment comes on the heels of a strategic acquisition by Ambeon Capital PLC and its subsidiaries, which recently purchased 9% of the ordinary voting shares of DFCC Bank…
Ambeon Capital PLC, under new owners, last week acquired a 9% stake in DFCC Bank for Rs. 3.3 billion with the move described as “strategic and long-term.” On 13 November, the day before the General Election, 38.98 million shares of DFCC Bank traded at Rs. 85 per share via 9 crossings. Overall, 40.9 million shares traded for Rs. 3.4 billion…