Finlays Sri Lanka unit delisting approved by regulator
ECONOMYNEXT – Sri Lanka’s stock market regulator, the Securities and Exchange Commission, has approved tea exporter Finlays Colombo Plc plans to delist its ordinary shares from the Colombo Stock Exchange.
A stock exchange filing said offer documents on the exit offer to be made by James Finlay Ltd. of London will be sent to the rest of the shareholders in due course.
Finlays Colombo has made arrangements for James Finlay Ltd. of Swire House, London to buy shares from shareholders at 302 rupees a share.
The company blends and packages tea for export and is also into cold storage logistics, tea warehousing and insurance brokering. (Colombo/December 22 2015)