Friday 4 September 2015

Nation Lanka to go for a rights issue

Nation Lanka Chairman Jayantha Dharmadasa said all arrangements are in place for a rights issue in the new financial year (2015/2016). "This move will be reinforced by the proposed Rs 500 million subordinated debenture issue that will provide funding for planned business expansion," he said.In addition, oversight and control measures are in the process of being further strengthened to elicit greater financial discipline, as the company moves ahead with its growth plans.
www.dailynews.lk

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