Singalanka Standard Chemicals PLC

Singalanka Standard Chemicals PLC

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

14th 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.

Leave a Reply

Your email address will not be published. Required fields are marked *