Expolanka IPO roadshows in Singapore and Mumbai

Thursday, 28 April 2011 00:13 - - {{hitsCtrl.values.hits}}

Truly reflecting its “Business beyond borders” motto, the Rs. 2.4 billion worth Initial Public Offering (IPO) of Expolanka Holdings Ltd is being promoted among prospective investors overseas.

The first phase of the roadshow was held in Singapore yesterday whilst today it will be held in Mumbai.

CT Capital Ltd., the joint managers and financial advisors to the Expolanka Holdings IPO, is spearheading this international initiative. A team comprising CT Capital and Expolanka executives are taking part in the exercise.

Expolanka’s business interests span freight and logistics, international trade, manufacturing and strategic investment sectors. The Group’s vast global network of operations stretches across 38 cities in 11 countries including Sri Lanka, India, Bangladesh, Vietnam, the Middle East and Africa.

Expolanka Holdings launched its Initial Public Offer of 172 million voting shares at Rs. 14 each, to raise a sum of Rs. 2.4 billion (Approx. US$ 22 million) on 26 April 2011. The bulk of the funds from the IPO would be used for working capital, with the rest going for expansion and loan repayment. The issue officially opens on 12 May 2011.