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::

* 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
World Bank commends Sri Lanka for meeting developmental goals, promises to increase aid
-- [1 hour and 18 minutes ago]
Sri Lanka PM to leave for Singapore to attend Indian Ocean Conference 2016
-- [1 hour and 56 minutes ago]
Sri Lankan government to ease restrictions on foreigners acquiring land for investments
-- [2 hours ago]
Tire market in Sri Lanka expected to reach US$ 488 million in 2016
-- [3 hours ago]
Two suspects hacked into Sri Lankan President's website produced in court
Sri Lanka signs MOU with UN-Habitat to strengthen cooperation
Evidence to implicate military intelligence officers in disappearance of journalist Prageeth Ekneligoda
Former Sri Lankan president to attend ICAPP conference in Malaysia
Sri Lanka Ports Authority to probe the fire at the Colombo Port
LTTE leaders paid defense officials of former government and escaped- Sri Lanka FM

Copyright © 2000, 2014 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.