JKH second-largest shareholder sells entire stake to foreign entity

JKH second-largest shareholder sells entire stake to foreign entity

January 9, 2020   11:02 am

Broga Hill Investment Limited has sold its entire stake to a foreign entity for an amount of Rs 22.69 billion.

Malaysia’s sovereign wealth fund Khazanah Nasional Berhad, Broga Hill Investment Limited is the second largest investor of John Keells Holdings (JKH).

Reportedly, 141,854,717 shares equivalent to 10.8% of John Keells Holdings have been sold to a foreign buyer this morning (09).

The trade marked the second-highest turnover in history, after Sri Lanka Telecom share transaction for Rs 32 billion in 2008.

Market sources said the buyer is believed to be a foreign registered company.

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them(mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Most Viewed Video Stories

🔴LIVE | Ada Derana Midday Prime News Bulletin - 2025.07.11

🔴LIVE | Ada Derana Midday Prime News Bulletin - 2025.07.11

Trump Tariff: Exports volume will reduce but real challenge is rates of Sri Lanka's competitors – expert (English)

Sri Lanka govt not considering retaliatory measures over Trump's tariff - Presidential Advisor (English)

Sri Lanka's opposition reacts to Trump's announcement on 30% trade tariff (English)

Ceylon Chamber urges continued engagement to secure further US tariff reduction (English)

Trump slashes tariff rate on Sri Lanka to 30% from 44% - But govt, private sector seeks further reduction

LIVE🔴Ada Derana Prime Time News Bulletin 6.55 pm

LIVE🔴 Ada Derana Lunch Time News Bulletin 12.00 pm