Expolanka gains control of two of its overseas arms Sri Lanka’s Expolanka Holdings PLC, a group engaged in diversified business operations has gained the controlling stakes of two of its overseas arms which it had minority presence. Accordingly, the company has increased its stakes in both Expolanka Freight (Vietnam) Limited and Expolanka Pakistan (pvt) Limited to 51%. Expolanka has invested US$ 283,333 to acquire a further 8.5% stake in the Vietnam firm thus increasing the company’s stake in the company to 51%. While it has acquired a further 26% stake in the Pakistani firm by paying US$ 256,000, taking its total stake in the company to 51%.
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