Trending3 sourcesUpdated
CAL Signs Agreement to Acquire 51% Stake in Hong Kong-Based Fund Manager, Asia Frontier Capital, Subject to Regulatory Approvals
Capital Alliance Holdings PLC (CAL), through its wholly owned Singapore-based subsidiary, CAL Global Pte. Ltd., has signed an agreement to acquire a 51% stake in Asia Frontier Capital Ltd.
Full coverage
Hiru News - EnglishCAL expands frontier market presence with AFC acquisition
Ada Derana BizCAL Signs Agreement to Acquire 51% Stake in Hong Kong-Based Fund Manager, Asia Frontier Capital, Subject to Regulatory Approvals
EconomyNextSri Lanka’s Capital Alliance to buy 51-pct stake in Asia Frontier Capital for US$2.5mn
Summary
Capital Alliance Holdings PLC (CAL), the parent company of CAL Bangladesh, has entered into an agreement to acquire a 51% stake in Hong Kong-based fund management firm Asia Frontier Capital Ltd (AFC), subject to regulatory approvals. CAL Group CEO Kanishke Mannakkara said the acquisition would provide the group with a presence in Hong Kong and access to three additional frontier markets.
What this story is about
Organisations