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Tag Archives: Share Sale / Purchase Agreement
Today 19th July 2011, the Asia Capital PLC announced to Colombo Stock Exchange, the ACAP entered into a share sale / purchase agreement with Asia Siyaka (Private) Ltd to sell its minority shareholding (40%) in Asia Siyaka Commodities (Private) Ltd, at the Consideration of Rs.175 Million.
1st June 2011 the Singer Industries (Ceylon) PLC announced to Colombo Stock Exchange that the company sold its entire investment in Singer (Srilanka) PLC during 2011.
The total profit of the investment sold was Rs.190.80 Million. The profits are accounted as follows,
Rs.135.80 Million attributes in 2010 Income Statement
Rs.29.70 million attributes in 1st Quarter of 2011
Rs.25.30 Million attributes in 2nd Quarter of 2011.