Ceylon Leather Products transfers business | Daily News


 

Ceylon Leather Products transfers business

Ceylon Leather Products Limited subsidiary of Ambeon Holdings PLC transferred its shoe manufacturing business on October 1, 2019 for its net asset value of RS 49,468,794 to Ceylon Leather Products Distributors (Private) Limited, a wholly owned subsidiary of Ceylon Leather Products Limited.

Ceylon Leather Products Distributors (Private) Limited was in the business of retail selling of Leather Footwear and Leather Goods.

Ambeon Holdings PLC said in a stock exchange filing that consequent to the said business transfer Ceylon Leather Products Limited transferred 6,803,250 ordinary shares held in Ceylon Leather Products Distributors (Private) Limited to VAST Holdings Limited for a total consideration of RS 10,000 on October 24, 2019.

VAST Holdings Limited was incorporated to hold the investment in Ceylon Leather Products Distributors (Private) Limited by Dr. Sarath Paranavitane and Varuna Maliduwapathirana who are directors, shareholders having extensive experience in health care, manufacturing and tea plantation.


Visit Kapruka.com Sri Lanka's Largest online shop. Over 125,000 unique categories such as Fresh Flowers, Cakes, Food, Jewllery, Childrens Toys and other Sri Lankan e-commerce categories. Low delivery cost to most cities here and free delivery in Colombo.

 

Add new comment