Today Lankem Developments PLC Announce to Colombo Stock Exchange that, the Board of Directors of Lankem Developments PLC resolves to acquire 61.88% equity stake of Agarapatana Plantations Ltd.
The company has further says, the acquisition is based as follows,
| Seller | No of APL Ordinary shares | % |
| Lankem Plantation Holding Ltd. | 41,417,276 | 54.05% |
| Kotagala Plantation PLC | 6,000,000 | 7.83% |
| Total Shares | 47,417,276 | 61.88% |
Source: http://www.cse.lk/cmt/upload_cse_announcements/6421299655677_.pdf
http://www.cse.lk/cmt/upload_cse_announcements/1531299656015_.pdf
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