Sri Lanka’s ‘The Finance Company PLC’ says it has decided to separate the finance and real estate businesses, so there will be substantial growth in both sectors.
The company says the latest move comes as a part of its decisions to concentrate on key areas of the firm’s business.
Already the firm has a separate arm for its education business.
Earlier in the week, the company announced that discussions are underway to merge the firm with an another finance sector firm, but said no final decision has been taken yet on the proposed move.
The company says the latest move comes as a part of its decisions to concentrate on key areas of the firm’s business.
Already the firm has a separate arm for its education business.
Earlier in the week, the company announced that discussions are underway to merge the firm with an another finance sector firm, but said no final decision has been taken yet on the proposed move.
The entity believes the latest move to separate its finance and real estate business will no doubt facilitate the policy expressed by the Central Bank and enable the firm to source investor/s to merge on an individual basis or as a group.
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