Today Lankem Developments PLC Announce to Colombo Stock Exchange that, the Board of Directors of Lankem Developments PLC resolves to acquire 61.88% equity stake of Agarapatana Plantations Ltd.
The company has further says, the acquisition is based as follows,
|Seller||No of APL Ordinary shares||%|
|Lankem Plantation Holding Ltd.||41,417,276||54.05%|
|Kotagala Plantation PLC||6,000,000||7.83%|