Lankem Developments PLC

Lankem Developments PLC

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,

SellerNo of APL Ordinary shares%
Lankem Plantation Holding Ltd.41,417,27654.05%
Kotagala Plantation PLC6,000,0007.83%
Total Shares47,417,27661.88%



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