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Sri Lanka's Hayleys Fabric buys 98.84% stake in South Asia Textiles


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Hayleys Fabric Plc, a pioneer in weft knit fabric manufacture in Sri Lanka, has acquired 98.84 per cent equity stake of South Asia Textiles Limited for a consideration of Rs 3,953,361,887. Colombo-headquartered South Asia Textiles specialises in knitting, dyeing, finishing, printing, bushing, and sueding pre-shrunk fabric for several leading global brands.
Hayleys purchased 97.68 per cent stake from Ambeon Holdings and 1.16 per cent share from a minority shareholder. The acquisition supports Hayleys Fabric Plc s strategic plan to expand capacity for higher value-added fabrics for exports by aligning with world class tier-1 brands under its portfolio of customers, Hayleys Fabric chairman AM Pandithage said in a corporate disclosure with the Colombo Stock Exchange. ....

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Sri Lanka Investment Forum to feature over 50 projects & corporate investment opportunities


Themed “Sri Lanka – Asia’s Next Growth Haven”, the Sri Lanka Investment Forum (SLIF) 2021 jointly organized by the Board of Investments (BOI), The Ceylon Chamber of Commerce and the Colombo Stock Exchange will kick off on the 7th of June 2021 on a virtual platform.
SLIF 2021 will showcase to the world, Sri Lanka’s attractiveness as an investment destination through the exposition of a blend of Mega Projects, Strategic Investment Initiatives, Private Equity Opportunities and Portfolio Investment propositions of Public Listed Corporates listed on the Colombo Stock Exchange. The forum will attract direct and portfolio investors including sovereign wealth funds, private equity funds, Development Finance Institutions, MNCs, High Net Worth Individuals, and all other investor classes from across the globe. ....

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