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Government Buys Colombo Dockyard Shares
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<blockquote data-quote="lkdood" data-source="post: 7790793" data-attributes="member: 92282"><p><strong>Sri Lanka's Employee's Provident Fund, a state-managed pension fund of private citizens, bought into a shipbuilding firm based at Colombo port, the firm said in a stock exchange filing.</strong></p><p><strong></strong></p><p><strong></strong> <span style="color: #292929"><strong>Colombo Dockyard said the Employee's Provident Fund bought 6.8 million shares for 230 rupees each in a deal worth 1,916 million rupees.</strong></span></p><p><span style="color: #292929"><strong></strong></span></p><p><span style="color: #292929"><strong></strong><strong> The stock was sold by Horizon Representation of Companies LLC in UAE. The tranche is about 10 percent of the firm. </strong></span></p><p><span style="color: #292929"></span></p><p> <strong>The EPF has been active in buying stock, giving liquidity to the market.</strong></p><p></p><p>LBO</p></blockquote><p></p>
[QUOTE="lkdood, post: 7790793, member: 92282"] [B]Sri Lanka's Employee's Provident Fund, a state-managed pension fund of private citizens, bought into a shipbuilding firm based at Colombo port, the firm said in a stock exchange filing. [/B] [COLOR=#292929][B]Colombo Dockyard said the Employee's Provident Fund bought 6.8 million shares for 230 rupees each in a deal worth 1,916 million rupees. [/B][B] The stock was sold by Horizon Representation of Companies LLC in UAE. The tranche is about 10 percent of the firm. [/B] [/COLOR] [B]The EPF has been active in buying stock, giving liquidity to the market.[/B] LBO [/QUOTE]
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