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Ravi Wijeratne offers to buy Sri Lanka’s MTD Walkers

ECONOMYNEXT – MTD Walkers Plc, a troubled construction group said Colombo-based businessman Ravi Wjeratne had made an offer to buy out all shareholders.

He had made an offer to controlling Malaysian sharehodler MTD Capital Bhd to buy its 90.78 percent take, the firm said in a stock exchange filing.

MTD Walkers said an offer will also be made to other shareholders. No price was given.

MTD Walkers have reported losses, and the stock has been suspended.

The stock traded on February 13 at 15.50 rupees. (Colombo/Sept06/2019)

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