Sunshine Healthcare Lanka Ltd (SHL) is to buy Akbar Brothers (Pvt) Ltd (ABL)-owned Akbar Pharmaceutical (Pvt) Ltd (ABPL), the stock market was informed on Thursday.
ABPL is into importing and distribution of medicinal drugs, medical devices, nutritional products and healthcare products and SHL will purchase the entirety of the ordinary voting shares in ABPL. “The consideration for this purchase would be satisfied by the issuance of ordinary voting shares in SHL to ABL, which should constitute 25 % of its share capital. ABL has also agreed with the Sunshine Holdings PLC to purchase a further 3 % of the ordinary voting shares held by the Sunshine Holdings PLC in SHL for a cash consideration of Rs 278.4 million,” a stock market disclosure by Sunshine Holdings PLC said. (DEC)
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
All Ceylon Makkal Congress MP Ali Sabri Raheem had been arrested by Kalpitiya police after he surrendered to the police today morning.
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