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CHC mandatory offer for Taprobane Holdings

Aug 26, 2015 (LBO) – Sri Lanka’s CHC Investment will be making a mandatory offer to shareholders of financial services firm Taprobane Holdings after it bought a 30.
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99 percent stake at 5.50 rupees, CHC said in a statement to the Colombo Stock Exchange. The mandatory offer will be at 5.50 rupees per share. A detailed offer will follow shortly, the company said. On Monday, Taprobane Securities said CHC Investment bought a 31 percent stake of 310.
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8 million shares of Taprobane Holdings worth 1,709.4 million rupees. I C Nanyakkara sold 225.9 million shares and P S W Rupasinghe sold 84.9 million shares to CHC Investments in this sale.