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
Ceylon Oxygen Limited receives latest ISO 9001:2015 certification
-- [53 minutes ago]
Pakistan sends 10,000 MT of rice for drought affected people of Sri Lanka
-- [1 hour and 16 minutes ago]
India could collaborate in the development of three other ports in Sri Lanka - Ports Minister
-- [1 hour and 37 minutes ago]
Sri Lanka inks USD 17 million loan agreement with Kuwait for Kalu Ganga project
-- [2 hours ago]
Army personnel charged of assault on Journalist Keith Noyahr granted bail
-- [2 hours ago]
Sri Lanka grants dual citizenship to another 1750 expatriates
-- [3 hours ago]
No accession of Muslim abodes near Wilpattu Forest Reserves, government assures
-- [3 hours ago]
Ceylon Chamber seminar to discuss Implementation of WTO Trade Facilitation Agreement in Sri Lanka
-- [9 hours ago]
MP Wimal Weerawansa gives up hunger strike
-- [9 hours ago]
Sri Lanka's computer literacy rate highest in urban sector, lowest in Estates- report

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.