Orient Garments Limited

Orient Garments Limited

4th August 2011, the PCH Holdings (Pvt) Limited and Mr. SHM Rishan made an announcement to Colombo Stock Exchange to purchase all remaining shares of Orient Garments Limited (OGL) as Mandatory Offer.

The recent acquisition made by PCH Holdings (Pvt) Limited and Mr. SHM Rishan towards the Orient Garments Limited (OGL) of 28,007,500 Ordinary Voting shares (51%) at the Price of Rs.21.50 per Share.

Therefore the PCH Holdings (Pvt) Limited and Mr. SHM Rishan call upon to purchase all remaining shares (26,909,156) of Orient Garments Limited (OGL) at the Price of Rs.28.00

Holding propositionsDate of PurchaseNo of Ordinary SharesPercentage
PCH Holdings (Pvt) Ltd.1st August 201111,557,50021.05%
Mr.S H M Rishan1st August 201116,450,00029.95%
Total 28,007,50051.00%

 

Source: http://www.cse.lk/cmt/upload_cse_announcements/2321312454928_.pdf

Related Source:

http://synergyy.com/2011/08/04/pch-holdings-pvt-ltd-and-mr-s-h-m-rishan-acquire-51-of-orient-garments-limited-ogl/

 




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