Broga Hill Investments Ltd, an arm of Malaysia’s sovereign fund Khazanah Nasional, sold its entire 10.8 per cent of John Keels Holdings (JKH) in early trade on Thursday in a Rs. 22 billion deal.
Stockbrokers speculate the buyer could be a big local business or a foreign institutional buyer.
In 2012 March, Broga Hill acquired 8.885 per cent and subsequently increased its JKH holding to 10.8 per cent. Local business tycoon Harry Jayawardena also increased his shareholding in the leading blue chip to nearly 9.8 per cent in a 12 month period as at June last year. (DEC)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
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