Sri Lankan brush maker to list on stock exchange
ECONOMYNEXT – B P P L Holdings Ltd., a Sri Lankan brush manufacturer and supplier of other cleaning products, has got approval from the Colombo Stock Exchange to list on the Diri Savi second board.
The firm, also known as Beira Group, will issue 30.68 million ordinary shares at Rs12 each, with the offer opening on 7 March 2017, a statement said.
The prospectus will be available on 22 February. The share issue is managed by CT CLSA Capital (Pvt) Ltd.
According to the Beira Group website, the company claims to be Sri Lanka’s largest brush manufacturer and exporter of sanitary maintenance tools, with over 30 years of experience.
Its products like brushes, brooms, banisters, dusters and scrubs are made for household, professional, commercial and industrial cleaning applications.
(COLOMBO, Feb 13, 2017)