A consortium of investors led by Royal Ceramics has bought over 24 million shares amounting to 80 percent of Lanka Ceramic PLC held by
Ceylon Theatres Group at a price of Rs.120 per share.
According to Royal Ceramics Managing Director Nimal Perera who negotiated the deal, Royal Ceramic bought 21 million shares of Lanka Ceramics while ultimate parent of Royal Ceramic, Vallibel One PLC controlled by businessman Dhammika Perera bought 1 million shares.
And also, Nimal Perera and Lanka Ceramics Chairman Anthony Page—who is acting in concert in the deal—bought 1 million share parcels each.
According to Perera, the mandatory offer to purchase the remaining share will be given by the consortium consisting him, Royal Ceramics, Vallibel One and Anthony Page.
Lanka Ceramics is the successor of the once famous Ceylon Ceramics Corporation. The Corporation was an empire in the manufacture of ceramic ware including earthenware and sanitary ware with a host of brick and tile factories and raw material factories. What is its successor Lanka Ceramics Today? Does it manufacture ceramic ware? If not what happened to the once internationally reputed ceramics industry in Sri Lanka?.
anne Monday, 06 May 2013 10:13 AM
Well, looks like that a monoploy is created for the ceramics. good save the local ordinary buyer.
patum Monday, 06 May 2013 10:23 AM
OHH, Lanka wall tiles and lanka tiles also will go under. was many wants and expected within the field. However sorry to here this news.
Arjuna Monday, 06 May 2013 10:35 AM
But Rocel in a upper position compare to Lanka tiles. with the name of Lanka tiles Rosel could be reach higher levels easily. Good strategic JV.(Acquisition)
Yehiya Monday, 06 May 2013 10:46 AM
But very difficult to beat international price market.LP gas price is very high , Electricity also very high compare to india & china. Local market price is very high than international price.
EYDEC Monday, 06 May 2013 10:50 AM
Best deal,we should support SL products rather than buying from China..........
YATHUSHANKAR Friday, 27 October 2017 10:14 AM
THIS IMPACT ANY CHANGES IN SHARE MARKET ROYAL CERAMIC SHARE PRICE
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