Japan’s SG Holdings ups stake in Sri Lanka logistics group

ECONOMYNEXT – Japan’s SG Holdings said it has raised its stake in Expolanka Holdings, a Sri Lankan logistics group, buying 313.8 million shares at 8.30 rupees each.

A stock exchange filing said SG Holdings acquired another 16 percent stake in Expolanka for 2.6 billion rupees.

The Japanese logistics group SG Holdings bought control of Expolanka Holdings in 2014 and has raised its stake to 67 percent.

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