The People’s Merchant Bank PLC (PMB) was a Major shareholder (99.9%) of the People’s Merchant Finance Company Limited (PMF).

People’s Merchant Finance Company Limited (PMF) has decided to divest their entire shareholding of PMF to Capital Alliance Holding Limited for the total Consideration of Rs.430 Million.

It’s subjective to regulatory approvals.

Source: http://www.cse.lk/cmt/upload_cse_announcements/2231301395285_.pdf

Related Posts via Categories

• National Development Bank (NDB) Debenture issue is Oversubscribed
• Sri Lanka’s first pharma zone to open with US$ 10 million investment
• Car registrations down by 40%, three wheelers by 50% in 2017
• Investment in logistic projects in Muturajawela
• Avoid Cash or Cheques payment, and try SLIPS (Sri Lanka Inter-bank Payment System) by Central Bank
• Sri Lanka Economic Summit 2016 by The Ceylon Chamber of Commerce
• Mihin Lanka Losses accumulated Rs. 17 Billion by Now
• Maximise your Dollar Investment with US$ 150 million Sri Lanka Development Bond
• New Terminal Building to construct for Bandaranaike International Airport
• University of Colombo MBA Alumi Budget 2016 – Discussion with Finance Minister Hon. Ravi Karunanayake