Expolanka Holdings

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add delisting notice

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Revision as of 07:40, 8 May 2024
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In May 2014, SG Holdings, Japan's second-largest logistics firm, acquired a 30% stake in Expolanka Holdings PLC triggering mandatory offer requirements set by Sri Lanka's Securities and Exchange Commission.<ref>{{cite news | title = Japan Sagawa’s deal with Expolanka boosts Lanka’s hub aspirations | newspaper = The Financial Times | location = Colombo, Sri Lanka | date = 12 May 2014 | url = http://www.ft.lk/2014/05/12/japan-sagawas-deal-with-expolanka-boosts-lankas-hub-aspirations/ | access-date = 16 June 2014 | archive-url = https://web.archive.org/web/2014061...with-expolanka-boosts-lankas-hub-aspirations/ | archive-date = 18 June 2014 | url-status = dead }}</ref> In June 2014, SG Holdings confirmed that it has secured controlling interest in Expolanka with the acquisition of over 51% of total shares.<ref>{{cite web | title = Results of the Takeover Bid of Expolanka Holdings PLC | date = 19 June 2014 | url = http://www.sg-hldgs.co.jp/english/newsrelease/list/2014/news20140619-1.html | access-date=3 July 2014}}</ref>In May 2014, SG Holdings, Japan's second-largest logistics firm, acquired a 30% stake in Expolanka Holdings PLC triggering mandatory offer requirements set by Sri Lanka's Securities and Exchange Commission.<ref>{{cite news | title = Japan Sagawa’s deal with Expolanka boosts Lanka’s hub aspirations | newspaper = The Financial Times | location = Colombo, Sri Lanka | date = 12 May 2014 | url = http://www.ft.lk/2014/05/12/japan-sagawas-deal-with-expolanka-boosts-lankas-hub-aspirations/ | access-date = 16 June 2014 | archive-url = https://web.archive.org/web/2014061...with-expolanka-boosts-lankas-hub-aspirations/ | archive-date = 18 June 2014 | url-status = dead }}</ref> In June 2014, SG Holdings confirmed that it has secured controlling interest in Expolanka with the acquisition of over 51% of total shares.<ref>{{cite web | title = Results of the Takeover Bid of Expolanka Holdings PLC | date = 19 June 2014 | url = http://www.sg-hldgs.co.jp/english/newsrelease/list/2014/news20140619-1.html | access-date=3 July 2014}}</ref>
On 1 March 2024, Expolanka Holdings PLC disclosed its intention to withdraw from the [[Colombo Stock Exchange]] (CSE) in a press release conveyed by the company Director and Group CEO Hanif Yusoof. This proposition will be contingent upon requisite shareholder approval, regulatory endorsements, and authorisations.<ref>{{cite web|url=https://www.dailymirror.lk/print/bu...s-on-global-growth/273-278095|title=Expolanka plans delisting from CSE to focus on global growth|publisher=[[Daily Mirror (Sri Lanka)|Daily Mirror]]|last=|first=|date=2 March 2024|accessdate=2 March 2024|archive-date=2 March 2024|archive-url=https://web.archive.org/web/2024030...s-on-global-growth/273-278095|url-status=live}}</ref><ref>{{cite web|url=https://www.ft.lk/front-page/Most-v...nces-de-listing-from-CSE/44-759097|title=Most valuable PLC Expolanka announces de-listing from CSE|publisher=[[Daily FT]]|last=|first=|date=2 March 2024|accessdate=2 March 2024|archive-date=2 March 2024|archive-url=https://web.archive.org/web/2024030...de-listing-from-CSE/44-759097|url-status=live}}</ref>On 1 March 2024, Expolanka Holdings PLC disclosed its intention to withdraw from the [[Colombo Stock Exchange]] (CSE) in a press release conveyed by the company Director and Group CEO Hanif Yusoof. This proposition will be contingent upon requisite shareholder approval, regulatory endorsements, and authorisations.<ref>{{cite web|url=https://www.dailymirror.lk/print/bu...s-on-global-growth/273-278095|title=Expolanka plans delisting from CSE to focus on global growth|publisher=[[Daily Mirror (Sri Lanka)|Daily Mirror]]|last=|first=|date=2 March 2024|accessdate=2 March 2024|archive-date=2 March 2024|archive-url=https://web.archive.org/web/2024030...s-on-global-growth/273-278095|url-status=live}}</ref><ref>{{cite web|url=https://www.ft.lk/front-page/Most-v...nces-de-listing-from-CSE/44-759097|title=Most valuable PLC Expolanka announces de-listing from CSE|publisher=[[Daily FT]]|last=|first=|date=2 March 2024|accessdate=2 March 2024|archive-date=2 March 2024|archive-url=https://web.archive.org/web/2024030...de-listing-from-CSE/44-759097|url-status=live}}</ref> On 8 May 2024, Expolanka Holdings disclosed that the company received permission from the Securities and Exchange Commission to its delisting request.<ref>{{cite web |title=Expolanka Holdings PLC - Delisting of ordinary shares from the official list of the Colombo Stock Exchange |url=https://cdn.cse.lk/cmt/announcement...offical list of the CSE_33817727468980159.PDF |website=cse.lk |publisher=Expolanka Holdings PLC |access-date=8 May 2024}}</ref>
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