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
Sri Lanka Cabinet reshuffle expected on Sunday
-- [1 hour and 5 minutes ago]
Sri Lanka's former Defense Secretary files revision petition requesting to discharge him from Avant Garde case
-- [1 hour and 39 minutes ago]
Sri Lanka Prime Minister meets with young party members to discuss a new UNP leadership
-- [1 hour and 57 minutes ago]
UN Migration Agency, Sri Lanka explore ways forward on conflict victim reparations
-- [2 hours ago]
Sri Lanka's Commercial Bank ends 2017 on exceptionally strong footing, PBT up by 18 percent
-- [3 hours ago]
Sri Lanka raises import levy on imported potatoes
-- [3 hours ago]
Sri Lankan President invited for the International Solar Summit in New Delhi
-- [9 hours ago]
Sri Lanka Army appoints Court-of-Inquiry to probe grenade explosion in bus
-- [9 hours ago]
Sri Lanka's ex-diplomat Udayanga Weeratunga issued Interpol Red Notice
Ceylinco Life's net profit surges 95-pct to Rs.6 Bn

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.