SG Holdings, the parent company of Expolanka Holdings Plc the largest listed company on the Colombo Stock Exchange., said it was taking the company private.
“Expolanka Holdings PLC has, at the Board Meeting held on 1st March 2024, considered a request from its principal shareholder and resolved to initiate the de-listing of the Company’s shares from the Official List of the Colombo Stock Exchange subject to obtaining necessary shareholder approval and regulatory approvals,” the company said in a stock exchange filing.
As per arrangements with SG Holdings Global Pte Ltd, the Company’s majority shareholder, it will purchase its shares from shareholders who may wish to divest their shareholding in the Company at a purchase price of Rs 185.00 per share. The share closed up at 150.50.
Expolanka Holdings, is a global corporation with a formidable presence in industries such as logistics, leisure, information technology, and fresh produce. Having established the business in Sri Lanka, the organisation began expanding globally in 1992, and is currently present in Asia, Europe, Africa and North America.
The company was listed on the Colombo Stock Exchange in 2011, and two years later underwent a significant restructuring process to realign its focus on core business areas.
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SG Holdings, the parent company of Expolanka Holdings Plc the largest listed company on the Colombo Stock Exchange., said it was taking the company private.
“Expolanka Holdings PLC has, at the Board Meeting held on 1st March 2024, considered a request from its principal shareholder and resolved to initiate the de-listing of the Company’s shares from the Official List of the Colombo Stock Exchange subject to obtaining necessary shareholder approval and regulatory approvals,” the company said in a stock exchange filing.
As per arrangements with SG Holdings Global Pte Ltd, the Company’s majority shareholder, it will purchase its shares from shareholders who may wish to divest their shareholding in the Company at a purchase price of Rs 185.00 per share. The share closed up at 150.50.
Expolanka Holdings, is a global corporation with a formidable presence in industries such as logistics, leisure, information technology, and fresh produce. Having established the business in Sri Lanka, the organisation began expanding globally in 1992, and is currently present in Asia, Europe, Africa and North America.
The company was listed on the Colombo Stock Exchange in 2011, and two years later underwent a significant restructuring process to realign its focus on core business areas.
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