Lankapage Logo Recent Top Stories
CP 14 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Softlogic clarifies share purchase by Laugfs
Tue, Jan 15, 2013, 08:23 pm SL Time, ColomboPage News Desk, Sri Lanka.

Jan 15, Colombo: Softlogic Group of companies today clarified a media report that has erroneously said the Laugfs Holdings has acquired Softlogic Capital, a leasing company, from Softlogic Holdings PLC.

In a disclosure to the Colombo Stock Exchange Tuesday, Softlogic said consequent to a Share Sale and Purchase Agreement entered between Softlogic Capital and Laugfs Holdings, the sale of 5.1 million shares of Softlogic Credit Limited held by the Softlogic Capital were acquired by the Laugfs Holdings last year.

The transaction with Laugfs Holdings pertains to the sale of 67% of Softlogic Credit Limited and not of Softlogic Capital as reported in the news item, the main company said.

Softlogic Capital, which is the Financial Services Sector arm of the Softlogic Group continues to be a subsidiary of Softlogic Holdings, the disclosure said.

The Laugfs has been precluded from using the words "Softlogic Credit" in the name of the company, according to the statement.

The Financial Services Sector arm of the Softlogic Group comprises Softlogic Finance, Asian Alliance Insurance and Softlogic Stockbrokers.



ColomboPage - Recent 10 Stories
President says no religious disharmony in Sri Lanka
-- [15 minutes ago]
Parliamentary delegation of Balochistan visits Sri Lanka
-- [58 minutes ago]
Sri Lanka business chamber conducts workshop on media Strategies for corporate sector
-- [1 hour and 19 minutes ago]
Sri Lanka to conduct tsunami drill today
-- [2 hours ago]
Japan offers higher education scholarships to Sri Lankan students
-- [2 hours ago]
Australia says co-operation with Sri Lanka to prevent people smuggling is a success
-- [2 hours ago]
Sri Lanka appoints Malinga as captain of T20 Team until March 2015
-- [5 hours ago]
Extremist Sri Lankan Buddhist organization surrounds government ministry
Sri Lanka's TNA seeks Tamils' right to self-determination at Chavakachcheri May Day rally
Sri Lanka's main opposition plans protest against casino legislation

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.