Expolanka Holdings
EXPOLANKA HOLDINGS PLC is a diversified conglomerate with interests in logistics, leisure and ventures with a global presence in 20 countries and over 50 cities.
History
Expolanka Limited was established in 1978 as the Sri Lankan economy was liberalized and is the flagship company of Expolanka Holdings Initially a pioneer exporter of fresh produce, Expolanka has had sustained growth emerging as a strong group of companies
The Group has diversified into exports, imports and trading, freight forwarding & logistics, manufacturing, airline representation & operation, travels & tours and information technology over the years.
New Developments
Having announced on April 26, 2011 its intention to go public with an Initial Public Offering after a successful private placement of its shares to broadbase ownership, Expolanka Holdings went ahead with the IPO on 12 May 2011 floating 172,000,000 ordinary voting shares at LKR 14 per share.
Listed on the main board of the Colombo Stock Exchange, Expolanka Holdings PLC ranks among the top 5 diversified conglomerates in the bourse with a market cap of Rs. 27 billion as at July 26, 2011
In May 2014, SG Holdings, Japan's second largest logistics firm, acquired a 30% stake in Expolanka Holdings PLC triggering mandatory offer requirements set by Sri Lanka's Securities and Exchange Commission.[1] In June 2014, SG Holdings confirmed that it has secured controlling interest in Expolanka with the acquisition of over 51% of total shares.[2]
See also
References
- ^ "Japan Sagawa's deal with Expolanka boosts Lanka's hub aspirations". The Financial Times. Colombo, Sri Lanka. 12 May 2014. Retrieved 16 June 2014.
- ^ "Results of the Takeover Bid of Expolanka Holdings PLC". 19 June 2014. Retrieved 3 July 2014.
http://www.uncoversrilanka.com