2 sources
Lanka Walltiles to raise Rs5bn via rights issue, merge plantation unit
The company said it will absorb its wholly owned plantation subsidiary, “immediately after completing the Rights Issue”.
By Hiru News English
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Lanka Walltiles PLC plans to amalgamate its wholly owned subsidiary, Vallibel Plantation Management Limited, with the company immediately after completing its proposed Rights Issue of shares. The proposed amalgamation will be subject to Lanka Walltiles satisfying the solvency test immediately after the amalgamation becomes effective.
What this story is about
Organisations
- Lanka Walltiles PLC2
- Vallibel Plantation Management Limited
Places
- Colombo
Keywords
- merge2
- amalgamate
- immediatel
- subsidiary
- absorb
- rights
- wholly
- issue
- raise
- rs5bn
Names and places drawn from every article in this story. The number shows how many of them mentioned it.
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