- Last Update 2025-05-14 19:07:00
UB Finance seeking new investors
The Union Bank PLC is involved in discussions with investors towards strategic investments in its subsidiary, UB Finance Co Ltd (UBF), a finance company.
The bank said in a statement to the Colombo Stock Exchange on Monday that “it has engaged itself in discussions with identified investor/s to explore options for its subsidiary”.
However it said it has not received a definitive offer from these investors and finalisation of any such offer will be subject to all necessary approvals and consent. “We also wish to inform that notwithstanding the ongoing discussions with the said identified investors, the Board of
Directors of the bank has decided to explore other strategic options for UBF including but not limited to divestment, merger, restructuring, spin-out etc,” the statement said. - ENDS -
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- May 9, 2025 - 185 - 0
SLAF Bell 212 crashes into Maduru Oya
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
- May 9, 2025 - 157 - 0
Five killed in helicopter crash
Update: Five of the twelve passengers on board the bell 212 aircraft that crashed into the Maduru Oya today, have succumbed to their injuries, the SLAF said.
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