27^th June 2011, the Multi Finance Limited Announced to Colombo Stock Exchange, the Board of Directors Resolve convert the existing debt into voting ordinary shares in Pari passu at the price of Rs.30.00

Detail of Debt Conversion

The Above Private Placement is subject to approvals of Central Bank of Sri Lanka Securities and Exchange Commission of Srilanka and Shareholder approval at a general meeting.

Source: http://www.cse.lk/cmt/upload_cse_announcements/9391309176875_.pdf

Related Source:

http://synergyy.com/2011/06/28/the-multi-finance-company-limited-becomes-multi-finance-limited/

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