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    GREG.N0000   LK0168N00001

AMBEON HOLDINGS PLC

(GREG.N0000)
  Report
End-of-day quote Colombo Stock Exchange  -  2023-01-29
35.90 LKR   +1.13%
2022Ambeon : Interim Financial Statements as at 30 September 2022
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2022Ambeon Holdings PLC Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2022
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2022Ambeon Holdings PLC Reports Earnings Results for the First Quarter Ended June 30, 2022
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Hayleys Fabric PLC (COSE:MGT.N0000) acquired 98.8% stake in South Asia Textiles Limited from Ambeon Holdings PLC (COSE:GREG.N0000) and others for INR 4 billion.

04/23/2021 EST

Hayleys Fabric PLC (COSE:MGT.N0000) entered into an agreement to acquire 98.8% stake in South Asia Textiles Limited from Ambeon Holdings PLC (COSE:GREG.N0000) and others for INR 4 billion on April 22, 2021. Under the transaction, Hayleys Fabric PLC will be acquiring 97.68% stake from Ambeon Holdings PLC and remaining 1.16% stake from minority shareholders. As on December 31, 2020 South Asia Textiles Limited reported revenue of INR 9.1 billion, profit after tax INR 23.2 million.

Hayleys Fabric PLC (COSE:MGT.N0000) completed the acquisition of 98.8% stake in South Asia Textiles Limited from Ambeon Holdings PLC (COSE:GREG.N0000) and others on April 22, 2021. The net cash acquired of South Asia Textiles was $279,121 (INR 21.6 million). Transaction was funded through long term debt. The Board of the newly acquired subsidiary South Asia Textiles Limited comprises 6 Directors who are all executive Directors who also sit on the Board of Hayleys Fabric PLC . Eranga Rohan Peiris Goonetilleke, Managing Director of Hayleys will also serve same role for South Asia Textiles Limited. R. ROHITHA BANDARA , M. H. JAYASINGH and K. P. C. P. K. PATHIRANA was appointed to the Board of South Asia Textiles Limited. Hayleys Fabric PLC Board approved the acquisition of South Asia Textiles Limited in special Board meeting.


ę S&P Capital IQ 2021
Stocks mentioned in the article
ChangeLast1st jan.
AMBEON HOLDINGS PLC 1.13% 35.9 End-of-day quote.1.70%
HAYLEYS FABRIC PLC 1.77% 23 End-of-day quote.1.77%
All news about AMBEON HOLDINGS PLC
2022Ambeon : Interim Financial Statements as at 30 September 2022
PU
2022Ambeon Holdings PLC Reports Earnings Results for the Second Quarter and Six Months Ende..
CI
2022Ambeon Holdings PLC Reports Earnings Results for the First Quarter Ended June 30, 2022
CI
2022Ambeon Holdings PLC Reports Earnings Results for the Full Year Ended March 31, 2022
CI
2022Ambeon Holdings PLC Reports Earnings Results for the Fourth Quarter Ended March 31, 202..
CI
2022Ambeon : Interim Financial Statements as at 31 December 2021
PU
2022Ambeon Holdings PLC Reports Earnings Results for the Third Quarter and Nine Months Ende..
CI
2021Ambeon Holdings PLC Reports Earnings Results for the Second Quarter and Six Months Ende..
CI
2021Ambeon Holdings PLC Announces Retirement of R P Sugathadasa, as Non-Executive Director
CI
2021Ambeon Holdings plc Reports Earnings Results for the First Quarter Ended June 30, 2021
CI
More news
Financials
Sales 2022 14 156 M 38,6 M 38,6 M
Net income 2022 2 335 M 6,38 M 6,38 M
Net Debt 2022 398 M 1,09 M 1,09 M
P/E ratio 2022 5,93x
Yield 2022 -
Capitalization 4 993 M 13,6 M 13,6 M
EV / Sales 2021 0,33x
EV / Sales 2022 0,41x
Nbr of Employees 1 950
Free-Float 3,41%
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Managers and Directors
Isuru Fernando Manager-Finance
Sanjeev Edward Chittampalam Gardiner Non-Independent Non-Executive Chairman
Charithra Hettiarachchi Manager-Group Information Technology
Diluk Desinghe Group Head-Risk & Compliance
K. Sajeeva Narangoda Executive Director & Chief Investment Officer
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