New Secretaries, two Directors appointed to PCH Holdings
Thursday, 17 July 2014 01:42
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New Secretaries and two Directors have been appointed to PCH Holdings Plc following interim orders given by the High Court of the Western Province.
P.W. Corporate Secretarial Ltd. has been appointed the Secretaries to the company whilst Chaminda Dayan Banduthilake and Darshana Padmal Galabodage have been appointed as Directors of PCHH.
The High Court issued interim orders in case No. HC Civil 23/2014/CO filed by Adam Investments Ltd. on 4 and 11 July. The new appointments are pending the summoning and holding of EGM of PCHH.
New Director Banduthilake is a management and financial consultant with over 20 years experience in banking and finance industry specialised in corporate and retail banking, project management, IT and process/operations re-engineering.
He is an Associate Member of the Institute of Bankers of Sri Lanka, Sri Lanka Institute of Marketing and Sri Lanka Institute of Training and Development.
Presently he is reading for the Masters Degree in Business Administration at the Postgraduate Institute of Management, University of Sri Jayewardenepura and also the Chartered Financial Analyst (CFA) examination at the first level.
The other Director, Galabodage, has over 16 years experience in ICT field as a lecturer, assistant registrar and a marketer. He is presently the COO of Network Communications Ltd., a subsidiary of Adam Investments Ltd.
On Monday in a filing to the CSE, Adam Investments said it has received the following interim orders from Commercial High Court (Case no. HC Civil 23/2014/CO) on 11 July: Interim order restraining the sale, transfer of shares of Bieco Link Carbons Ltd. to MMD Ventures Lanka Ltd. from PCH Holdings Plc; restraining MMD Ventures Lanka Ltd. from taking possession, removal of assets or alienating assets of Bieco Link Carbons Ltd.; interim order restraining Global Corporate Solutions Ltd. of 3rd Floor, No. 451, Galle Road, Colombo 3 acting as the company secretary of PCH Holdings Plc and Bieco Link Carbons Ltd.; and appointing PWC Corporate Secretarial Services Ltd. as the company secretary of PCH Holdings Plc and Bieco Link Carbons Ltd. until holding an EGM of both companies.
These orders were issued in addition to the orders already issued by the Commercial High Court on 4 July, which were: Restraining the present directors from alienating, transferring of assets of PCH Holdings Plc and Bieco Link Carbons Ltd.; appointment of two Directors, Chaminda Dayan Banduthilake and Dharshana Padmal Galabodage to the Board of Directors of PCH Holdings Plc and Bieco Link Carbons Ltd.; and appointing Kay-Jay Group as the independent security form to secure the Bieco Link Carbons Ltd. factory premises in Giriulla.
