The Gulf East Finance Limited Made a Mandatory offer to Purchases the Remaining Shares of Singalanka Standard Chemicals PLC.

14^th September 2011 the Gulf East Finance Limited holds 44.45% of Singalanka Standard Chemicals PLC with 2,668,225 Ordinary Voting shares, with the consequent purchases of additional rights from the rights issue, with these transactions the Shareholding has increase to 59.27% with 3,284,000 Ordinary Voting Shares.

In order to that the Gulf East Finance Limited made an mandatory offer to buy the remaining shares of 2,256,828ordinary Voting shares which is 40.73% at the Price of Rs.55 each.

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