Lankem Developments PLC acquires Agarapatana Plantations Ltd

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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,

Seller No of APL Ordinary shares %
Lankem Plantation Holding Ltd. 41,417,276 54.05%
Kotagala Plantation PLC 6,000,000 7.83%
Total Shares 47,417,276 61.88%

 

Source: http://www.cse.lk/cmt/upload_cse_announcements/6421299655677_.pdf

http://www.cse.lk/cmt/upload_cse_announcements/1531299656015_.pdf


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