brand logo

Broga Hills sells its JKH shares for Rs. 22b

09 Jan 2020

The second largest investor of John Keells Holdings (JKH), Broga Hill Investment Limited, has sold its entire stake of JKH to a foreign entity this morning (9). Broga Hill Investment Limited, a subsidiary of Malaysia’s Khazanah Nasional Berhad, held a 10 percent stake at JKH and they were sold at Rs. 160 per share. The total value of the transaction is Rs. 22 billion and the transaction was done by CT CLSA Securities (Pvt) Ltd (formerly CT Smith Stockbrokers Pvt Ltd). Speaking to The Sunday Morning , an official from the Colombo Stock Exchange (CSE) noted that details of the foreign entity, who bought the shares, will be announced shortly. Khazanah Nasional Berhad is the sovereign wealth fund of the Government of Malaysia. Broga Hills increased their shareholding in JKH to 10 percent in October 2013.

Kapruka

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Automobile, Mother and Baby Products, Clothing, and Fashion. Additionally, Kapruka offers unique online services like Money Remittance, Astrology, Medicine Delivery, and access to over 700 Top Brands. Also If you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.Send love straight to their heart this Valentine's with our thoughtful gifts!


More News..