Expolanka

Expolanka Holdings
PLC
Traded as CSE: EXPO.N0000
Industry Diversified
Headquarters Colombo, Sri Lanka
Key people
 Osman Kassim - Chairman, Hanif Yusoof, Director & Group CEO, Sattar Kassim, Director, Farook Kassim, Director, Shafik Kassim, Director, Dr. S. Selliah, Independent Non-Executive Director, Harsha Amarasekera, Independent Non-Executive Director, Sanjay Kulatunga, Independent Non-Executive Director
Number of employees
 2965
Website Official Website

Expolanka Holdings is a leading diversified conglomerate in Sri Lanka with interests in transportation, manufacturing, international trading and strategic investments with an established presence in over 17 countries and 45 cities across the globe

History

Expolanka Limited was established in 1978 as the Sri Lankan economy was liberalized and is the flagship company of Expolanka Holdings Initially a pioneer exporter of fresh produce, Expolanka has had sustained growth emerging as a strong group of companies

The Group has diversified into exports, imports and trading, freight forwarding & logistics, manufacturing, airline representation & operation, travels & tours and information technology over the years.

New Developments

Having announced on April 26, 2011 its intention to go public with an Initial Public Offering after a successful private placement of its shares to broadbase ownership, Expolanka Holdings went ahead with the IPO on the 12th May 2011 floating 172,000,000 ordinary voting shares at LKR 14 per share.

Listed on the main board of the Colombo Stock Exchange, Expolanka Holdings PLC ranks among the top 5 diversified conglomerates in the bourse with a market cap of Rs. 27 billion as at July 26, 2011

In May 2014, SG Holdings, Japan's second largest logistics firm, acquired a 30% stake in Expolanka Holdings PLC triggering mandatory offer requirements set by Sri Lanka's Securities and Exchange Commission.[1] In June 2014, SG Holdings confirmed that it has secured controlling interest in Expolanka with the acquisition of over 51% of total shares.[2]

See also

References

  1. ↑ "Japan Sagawa’s deal with Expolanka boosts Lanka’s hub aspirations". The Financial Times (Colombo, Sri Lanka). 12 May 2014. Retrieved 16 June 2014.
  2. ↑ "Results of the Takeover Bid of Expolanka Holdings PLC". 19 June 2014. Retrieved 3 July 2014.

External links