Sri Lanka Softlogic Capital’s stated capital reduced

Mar 06, 2015 (LBO) – Sri Lanka’s Softlogic Capital on Friday obtained the shareholder approval to reduce its stated capital, a statement said.

The decision has been made at an extraordinary general meeting which eventually intends to reduce the accumulated losses of the company.

According to a previous statement issued by the company, the amount of reduction of the stated capital is 618.46 million rupees and the new stated capital is 2.88 billion rupees.

“The number of ordinary shares in issue would remain unchanged.” the company said in a stock exchange filing released in January.