Tag: ADB to take 8.5-pct stake in JKH via USD80Mn investment

Krishan-Balendra-Chairman-JKH

ADB to take 8.5-pct stake in JKH via USD80Mn investment

John Keells Holdings PLC (JKH) yesterday announced the Asian Development Bank (ADB) will be taking up a 8.5 percent stake via a private placement with an investment of US 80 million dollars via two phases. JKH said its Board of Directors resolved to raise funds through a private placement for a maximum cumulative amount of […]