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FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ » Pacific Textured Jersey Holdings divests 10% of TJL

Pacific Textured Jersey Holdings divests 10% of TJL

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Melissa Pereira


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Textured Jersey Lanka PLC has announced, further to the disclosure made on 29th June 2015 that, Pacific Textured Jersey Holdings Limited (Pacific) divested a total of 66,075,247 shares in Textured Jersey Lanka PLC (TJL) amounting to 10% of the total issued shares of TJL at a price of Rs 26.80 per share. From and out of the said 66,075,247 of shares divested by Pacific, 75% has been acquired by foreign institutional investors and the balance 25% by local investors.


We hereby also announce, further to the discloser made on 26th May 2015 with   regard to the decision of the Board of Directors of TJL to acquire Quenby Lanka Prints (Private) Limited (Quenby Lanka) that TJL has concluded the acquisition of Quenby Lanka subsequent to the completion of all regulatory requirements and formalities. Under the concluded transaction, TJI acquired the entirely of the shares issued in Quenby Lanka for a total consideration of USD 3.5 million. Accordingly, Quenby Lanka is a wholly owned subsidiary of TJL with effect from 1st June 2015.
Courtesy: Ceylon Financial Today 6 July 2015

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