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» Coronavirus Updates
Chemanex EmptyToday at 11:06 by The Invisible

» Thread for News on CSE and SL Economy
Chemanex EmptyYesterday at 18:51 by NIRMALSG

» Obituary Notice.
Chemanex EmptyYesterday at 14:21 by කිත්සිරි ද සිල්වා

» Access Engineering AEL Technical Analysis
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»  6000 Post Club , Celebration of a Great Milestone, Slstock
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» LIOC.N0000 (Lanka IOC PLC)
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» How to get Access to: 104 Technical trading experiments by HUNTER
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» Sri Lanka to monetize tens of billions of contractor bills
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» CFVF - First Capital
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» RCL - Royal Ceramics
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» Stocks - Banks Drag Wall Street Lower After Fed Buyback Ban; Dow Down 290
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» Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
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» PABC.N0000 (Pan Asia Banking Corporation PLC)
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» JKH.N0000
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» Plantation sector updates
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» Dividend Announcements
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» In the Meantime, Within Our Shores !
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» LOLC Holdings
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» Sri Lanka bank bad loans in March 2020 pick up to 5.1-pct
Chemanex EmptyMon 22 Jun 2020 - 14:20 by The Invisible

» The Central Bank of Sri Lanka Further Reduces the Statutory Reserve Ratio
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» Sri Lanka tea prices pickup marginally mid June
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» කොළඹ කොටස් වෙළඳපොළ ඩිජිටල්කරණය කිරීමේ වැඩපිළිවෙල ඇරඹෙයි
Chemanex EmptySun 21 Jun 2020 - 14:25 by HUNTER

» Sri Lankans stock up, buy online in Covid-19 curfews, informal workers hard-hit: survey
Chemanex EmptySun 21 Jun 2020 - 11:04 by The Invisible

» Sri Lanka chicken supplies to tighten after Covid-19 crisis, maize import controls
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» S&P SL20 සමාගම් ලැයිස්තුවේ වෙනසක්.
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» HNB රුපියල් බිලියන 5ක ණය යෝජනා ක‍්‍රමයක් දියත් කරයි
Chemanex EmptySat 20 Jun 2020 - 0:17 by nihal123

» SAMP.N0000 (Sampath Bank PLC)
Chemanex EmptyFri 19 Jun 2020 - 14:38 by dakzsl

» HAYC - Haycarb
Chemanex EmptyFri 19 Jun 2020 - 13:34 by Rational Investor

» විශාලම ලැයිස්තුගත සමාගම් 50 විනිවිදභාවය පිළිබඳ වාර්තාවක් එළිදැක්වෙයි
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» HAYL.N0000 Hayleys PLC
Chemanex EmptyThu 18 Jun 2020 - 21:23 by NIRMALSG

» GLAS.N0000 (Piramal Glass Ceylon PLC)
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» Sri Lanka bank forex funding pressures, bad loans to rise after Covid-19: Fitch
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» Sri Lanka telecom regulator asked find businesses to use Lotus Tower
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» Gota's Era
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» Fitch Revises Ratings on 11 Sri Lankan Financial
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» Carlton Sports Network to resume broadcasts soon – Rohan Welivita
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» සල්ලි අච්චු ගැසුවාද?
Chemanex EmptyThu 11 Jun 2020 - 1:05 by nihal123

» වටිනා පාඩමක්!
Chemanex EmptyWed 10 Jun 2020 - 23:28 by Backstage

» Sri Lanka’s General Election on August 05
Chemanex EmptyWed 10 Jun 2020 - 16:38 by The Invisible

» Hayleys MGT
Chemanex EmptyTue 9 Jun 2020 - 12:46 by The Invisible

» AEL Access Engineering
Chemanex EmptyTue 9 Jun 2020 - 12:38 by The Invisible

» Sri Lanka import controls, cargo bottleneck hit apparel exporters
Chemanex EmptyMon 8 Jun 2020 - 17:42 by The Invisible

» Sri Lanka tea prices ease lower, low growns drive May average to all time high
Chemanex EmptyMon 8 Jun 2020 - 10:17 by slstock

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Chemanex EmptySat 6 Jun 2020 - 16:35 by Antonym

» Sri Lanka makes trillion rupee mini-budget till August under Presidential powers
Chemanex EmptyFri 5 Jun 2020 - 12:18 by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Chemanex EmptyThu 4 Jun 2020 - 18:02 by Backstage

» LION.N0000 (Lion Brewery Ceylon PLC)
Chemanex EmptyThu 4 Jun 2020 - 15:51 by The Invisible

» කොටස්--වෙළෙඳපොළ--වැසුවාද
Chemanex EmptyWed 3 Jun 2020 - 23:19 by nihal123

» විදෙස් ආයෝජකයින්ගේ උනන්දුව ඉහළට
Chemanex EmptyWed 3 Jun 2020 - 21:08 by කිත්සිරි ද සිල්වා

» United Motors
Chemanex EmptyWed 3 Jun 2020 - 18:56 by The Invisible

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Chemanex

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Chemanex Empty Chemanex

Post by The Invisible on Wed 7 Aug 2019 - 8:10

Chemanex sells Commercial Insurance Brokers for Rs.250mn

ECONOMYNEXT- Chemicals manufacturer Chemanex Plc said that it has completed the sale of Commercial Insurance Brokers (Pvt) Ltd to Commercial Bank of Ceylon Plc for 250 million rupees.



The sale will add 157 million rupees to the group level profits of Chemanex, the firm said in a stock exchange filing on Monday evening.



After the sale, the Chemanex share was trading 5.90 rupees up at 63.90 rupees on Tuesday afternoon.



On Monday, the chemical maker had also said that its profits for the June quarter fell 75 percent from a year earlier to 14.3 million rupees, amid falling sales.



Chemanex had owned 239,999 shares in Commercial Insurance Brokers, signifying a 40 percent shareholding. The entire stake was sold.



Commercial Bank had owned 18.48 percent of the insurance brokerage's shares according to the bank's annual report for 2018.



The bank had been managing Commercial Insurance Brokers.



Chemanex, a subsidiary of CIC Holdings Plc, produces inks, packaging material and chemicals for both industrial and consumer use. (Colombo/Aug06/2019)
The Invisible
The Invisible

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Join date : 2016-11-28
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