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 Date: 2012-03-23   Answered 

2109/2012: SHARES HELD IN PRIVATE COMPANIES BY EMPLOYEES PROVIDENT FUND : DETAILS

2109/’11

Hon. John Amaratunga,— To ask the Minister of Finance and Planning,—

(a) Will he inform this House separately —

(i) the number of shares held in Galadari Hotels Lanka PLC, Laughs Gas PLC and Ceylon Grain Elevators PLC by the Employees Provident Fund ;

(ii) the dates on which each lot of shares were purchased;

(iii) the price at which aforesaid shares were purchased ;

(iv) the persons from whom the shares were purchased;

(v) if the said shares have been subsequently sold, the person or persons to whom they were sold, on per lot basis ;

(vi) the price at which the said shares were sold per each lot ; and

(vii) the names of the brokers involved in these transactions?

(b) If not, why?

 

Asked Date

2012-03-23

Asked by

Hon. John Amaratunga, M.P.

Ministry

Finance and Planning

Legislature

Seventh Parliament of the D.S.R. of Sri Lanka

Session

First Session

Question History

Answer

ගරු (ආචාර්ය) සරත් අමුණුගම මහතා (ජාත්‍යන්තර මූල්‍ය සහයෝගිතා අමාත්‍ය සහ මුදල් හා ක්‍රමසම්පාදන නියෝජ්‍ය අමාත්‍යතුමා)

(மாண்புமிகு கலாநிதி  சரத் அமுனுகம -  சர்வதேச நிதிய கூட்டிணைப்பு அமைச்சரும் நிதி, திட்டமிடல் பிரதி அமைச்சரும்)

(The Hon. (Dr.) Sarath Amunugama - Minister of International  Monetary Co-operation and Deputy Minister of Finance and Planning)      

On behalf of the Minister of Finance and Planning,      I answer the Question.

(a)    (i)    The Number of shares held by EPF in Galadari Hotels Lanka PLC, Laugfs Gas PLC and Ceylon Grain Elevators PLC as at 31.10.2012 are given below:

Name of Company

No. of Shares (mn)

Galadari Hotels Lanka PLC

23.7

Laugfs Gas PLC Voting

57.9

Laugfs GAs PLC Non-Voting

18.0

Ceylon Grain Elevators PLC

  5.3

 

(ii)     Since there is a case pending before the Supreme Court with regard to the investment of EPF funds, details cannot be provided.

(iii)    Since there is a case pending before the Supreme Court with regard to the investment of EPF funds, details cannot be provided.

(iv)    Since the transactions of Colombo Stock Exchange (CSE) are carried out through an automated system, the particular seller/buyer linked to each transaction cannot be identified unless it is disclosed by the CSE.

(v) Since the transactions of CSE are carried out through an automated system, the particular/seller linked to each transaction cannot be identified unless it is disclosed by the CSE.

(vi) Since there is a case pending before the Supreme Court with regard to the investment of EPF funds, details cannot be provided.

(vii)   List of names of broker firms involved in above-mentioned share transactions is given in Annex I, which I table*.

 

*සභාමේසය මත තබන ලද ඇමුණුම:

   சபாபீடத்தில் வைக்கப்பட்ட இணைப்பு :

   Annex tabled:

 

Broker Firms involved in share transactions of Galadari Hotels Lanka PLC

1.      Asia Securities (Pvt.) Ltd.

2.      Amana Securities Ltd.

3.      Bartleet Mallory Stockbrokers Ltd.

4.      S K M Lanka Holdings (Pvt.) Ltd.

Broker Firms involved in share transactions of Laugfs Gas PLC

1.    Acuity Stockbrokers (Pvt.) Ltd.

2.   Arrenga Capital (Pvt.) Ltd.

3.    Asha Phillip Securities Ltd.

4.    Asia Securities (Pvt.) Ltd.

5.    Bartleet Mallory Stockbrokers Ltd.

6.    Capital Alliance Securities (Pvt.) Ltd.

7.    CT Smith Stockbrokers (Pvt.) Ltd.

8.    First Guardian Equities (Pvt.) Ltd.

9.    Heraymila Securities Limited

10.    IIFL Securities Ceylon Pvt. Ltd.

11.    Lanka Securities (Pvt.) Ltd.

12.    LOLC Securities Limited

13.    Nation Lanka Equity (Pvt.) Ltd.

14.    NDB Stockbrokers (Pvt.) Ltd.

15.    Richard Peiris Securities

16.    S K M Lanka Holdings (Pvt.) Ltd.

17.    SC Securities (Pvt.) Ltd.

18.    SMB Securities (Pvt.) Ltd.

19.    Somerville Stockbrokers (Pvt.) Ltd.

20.    Taprobane Securities Ltd.

21.    TKS Securities (Pvt.) Ltd.

Broker Firms involved in share transactions of Ceylon Grain Elevators PLC

1.     Asia Securities (Pvt.) Ltd.

2.     Capital Trust Securities (Pvt.) Ltd.

3.     IIFL Securities Ceylon  (Pvt.) Ltd.

4.     LOLC Securities Limited

5.     Nation Lanka Equity (Pvt. Ltd.

6.     NDB Stockbrokers (Pvt.) Ltd.

7.     Taprobane Securities Ltd.

Answered Date

2012-11-30

Answered by

Hon. (Dr.) Sarath Amunugama, M.P.





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