- Last Update 2025-06-17 09:30:00
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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- June 12, 2025 - 434 - 0
Badminton: World No.2 ranked Anders to play exhibition match against Viren at MBA Courts on Friday
An exhibition badminton match between Sri Lanka’s youngest Olympian shuttler, Viren Nettasinghe, and Anders Antonsen, the World No.2 ranked in Men’s Singles, will take place at the Mercantile Badminton Association (MBA) Courts at Malalasekara Mawatha, Colombo 7 on Friday (13).
- June 9, 2025 - 210 - 0
Protest in Colombo over attack on food aid ship to Gaza
A protest is underway at the Liberty Circle following Israeli forces attacking an aid ship to Gaza containing prominent activists carrying food to try and end the blockade of resources by the Israeli Government.
- June 8, 2025 - 186 - 0
Discarded soft toys make garbage tractor appealing
A garbage tractor driver from Kurunegala has gone viral on social media after adorning his municipal vehicle with teddy bears, fabric flowers, and colourful decorations, many of which were salvaged from the very trash he collects or purchased himself.
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