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
Sri Lanka's Democratic Party Provincial Councilor to join the UNP
-- [1 hour and 11 minutes ago]
Peace has brought many benefits to Sri Lanka - UK
-- [1 hour and 18 minutes ago]
Sri Lankan President opens shopping complex in renovated Old Dutch Hospital in Galle Fort
-- [1 hour and 57 minutes ago]
Preferential Vote Results in Uva Province
-- [2 hours ago]
UNP chief ministerial candidate Harin Fernando tops preferential votes at Uva PC election
-- [2 hours ago]
Ruling party claims victory at Sri Lanka's Uva PC election while opposition makes substantial gains
Final results for Monaragala district at Sri Lanka's Uva Provincial Council election
Final results for Badulla district at Sri Lanka's Uva Provincial Council election
Election results for Monaragala district of Uva Province
Complete election results for Badulla district of Uva Province

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.