Singer (Sri Lanka) B,V, the immediate parent of Regnis (Lanka) PLC and Singer (Sri Lanka) PLC, has sold its controlling interest in Regnis (Lanka) in terms of Section 8 of the Listing Rule of Colombo Stock Exchange.
Singer (Sri Lanka) PLC has purchased 6,568,461 shares in Regnis (Lanka) PLC at a price of Rs: 110 per share, amounting to a total of Rs. 722,530,710.
Singer (Sri Lanka) holds 58.295/0 shares subsequent to this transaction. Accordingly, Singer (Sri Lanka) PLC will be the immediate parent of the company with effect from February 23 2016 Singer ( Sri Lanka) BV will continue to be an intermediate Parent Company.
www.dailynews.lk
Singer (Sri Lanka) PLC has purchased 6,568,461 shares in Regnis (Lanka) PLC at a price of Rs: 110 per share, amounting to a total of Rs. 722,530,710.
Singer (Sri Lanka) holds 58.295/0 shares subsequent to this transaction. Accordingly, Singer (Sri Lanka) PLC will be the immediate parent of the company with effect from February 23 2016 Singer ( Sri Lanka) BV will continue to be an intermediate Parent Company.
www.dailynews.lk
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