The Board of Directors of Royal Ceramics Lanka have decided to cease the operations of Ever Paint and Chemical Industries (Private) Limited with immediate effect and to dispose of the assets thereof.
Ever Paint and Chemical Industries is a fully owned subsidiary of Royal Ceramics Lanka PLC. and the said company was engaged in the business of manufacturing and marketing of paints and allied products.
The immediate impact to the Group on this cessation of business is estimated at Rs.226 million based on the estimated disposable value of the assets of the said subsidiary company.
www.dailynews.lk
Ever Paint and Chemical Industries is a fully owned subsidiary of Royal Ceramics Lanka PLC. and the said company was engaged in the business of manufacturing and marketing of paints and allied products.
The immediate impact to the Group on this cessation of business is estimated at Rs.226 million based on the estimated disposable value of the assets of the said subsidiary company.
www.dailynews.lk
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