Asian Finance Ltd has raised Rs. 100 mn by securitising its future cash receivables to fund its working capital.
Structured and placed by National Wealth Corp (NatWealth), the issue raises funds by converting Asian Finances lease receivables into liquid and negotiable instruments.rn
rnWith its strengths and expertise in the Real Estate Development sphere, the firm has successfully introduced many real estate projects of which the most recent is the City Panaroma in Heerassagala Kandy which caters to an exclusive client segment. rn
rnThe fompany is presently planning a multi-development real estate project in Thotalanga/Grandpass which will be a newly conceptualised exclusive Office Complex cum Commercial Centre, to upgrade and develop this locality. rn
-LBO Newsdesk: LBOEmail@vanguardlanka.comrn