Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

Leading News from Sri Lanka::

* Sri Lanka's Alumex IPO oversubscribed
Thu, Mar 6, 2014, 09:15 pm SL Time, ColomboPage News Desk, Sri Lanka.

Mar 06, Colombo: The initial public offering (IPO) of Sri Lankan aluminium company Alumex Group has been oversubscribed, the Company informed the Colombo Stock Exchange.

The IPO has received applications for 59,860,600 shares at Rs. 14 per share and accordingly, the issue will close at 4:30 p.m. local time today.

The company hopes to raise US$ 6.41 million (Rs. 838 million) via the IPO to help it finance its expansion plans.

Via the IPO, the Alumex Group hopes to raise Rs. 240 million to set up a powder coating plant and acquire die manufacturing equipment. The measure will double its powder coating capacity to 3,600 metric tons per year.

Alumex is a fully integrated manufacturer of aluminium profiles in Sri Lanka since 1986. In 2010, Alumex was acquired by diversified conglomerate Hayley's Group.

ColomboPage - Recent 10 Stories
Vote on the second reading of the budget 2016 today
-- [10 minutes ago]
Several trade unions to launch strikes demanding relief from budget
Chulananda Perera appointed as Director General of Customs
Sri Lanka PM says cabinet will be dissolved if budget fails in parliament
Sri Lanka exports agency facilitates link with three new markets for apparel exporters
Owl and the Pussycat Sri Lanka to open on December 15
Sri Lanka to launch special court early next year to probe war crimes
Prime Minister appoints five committees to review budget relief measures
Russia to comprehensively expand bilateral relations with Sri Lanka
Prime Minister assures not to merge EPF and ETF private sector retirement funds

Copyright © 2000, 2014 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.