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Sunday May 16th, 2021
Markets

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)

Comment (1)

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  1. sacre blieu says:

    Is it a tactic to time, and will eventually lead to further frustration to the shareholders, more so the minority ones.

Comments

Comment (1)

Your email address will not be published. Required fields are marked *

Your email address will not be published. Required fields are marked *

  1. sacre blieu says:

    Is it a tactic to time, and will eventually lead to further frustration to the shareholders, more so the minority ones.