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Hayleys+acquires+Singer+%28Sri+Lanka%29+for+Rs.+10.9bn
Friday, 15 September 2017 - 11:29
Hayleys acquires Singer (Sri Lanka) for Rs. 10.9bn
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Hayleys PLC, making a stock market announcement said that it has acquired 231.8mn shares of Singer (Sri Lanka) for Rs. 10.9 billion.

It represented, 61.73% of total number of shares in issue of Singer (Sri Lanka).

The price of a share was Rs. 47. Hayleys said its’ subsidiaries also joined in the acquisition process.

Consequent to this acquisition, Singer (Sri Lanka) became a subsidiary of Hayleys PLC.
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