VLL aquires stake in PAP

[First Guy]

http://www.cse.lk/cmt/upload_cse_announcements/4181420014499_.pdf

VLL now has a 10.2% stake in PAP

[sashimaalTop contributor]

Is that the reason for the uptrend? Will it come down, now that the acquisition is over?

[Ethical TraderTop contributor]

http://www.cse.lk/cmt/upload_cse_announcements/4181420014499_.pdf

VLL now has a 10.2% stake in PAP

Thanks FG.

[Ethical TraderTop contributor]

Is that the reason for the uptrend? Will it come down, now that the acquisition is over?

Did not study power sector for some time. Must look at now. Thanks.

[First Guy]

Hydro power is interesting - VPEL, VLL, HPFL, PAP

I actually did not expect VLL to acquire stake in another listed company. But now Dr. S has stake (Direct/Indirect) in all 4 companies
VLL - ~30%
HPFL - ~14%
VPEL - ~14% (recent acquisition)
and now PAP through VLL

VLL has been buying PAP for some time. The disclosure came in today as it passed 10% so there is possibility that this may increase.

[sashimaalTop contributor]

Thanks FG, +

Hydro power is interesting - VPEL, VLL, HPFL, PAP

I actually did not expect VLL to acquire stake in another listed company. But now Dr. S has stake (Direct/Indirect) in all 4 companies
VLL - ~30%
HPFL - ~14%
VPEL - ~14% (recent acquisition)
and now PAP through VLL

VLL has been buying PAP for some time. The disclosure came in today as it passed 10% so there is possibility that this may increase.