Sri Lanka, May 9 -- Expolanka Holdings this week received the approval from the Securities and Exchange Commission (SEC) to delist from the Colombo Stock Exchange (CSE).
The approval for the application that was put forward on April 3 was granted on May 7.
Accordingly, Expolanka will delist the shares from the official list of the CSE, at an exit offer price of Rs.185 per share.
In a filing to the CSE, Expolanka said it would take all actions necessary to complete the process expeditiously and would get in touch with all the shareholders in respect of the offer document shortly.
The company officially announced its decision to delist its ordinary shares on March 1. It received the approval from the shareholders at an Extra Ordinary Gene...