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ACCESS ENGINEERING (AEL.N : LKR23.90) - AEL Invested 150% of ordinary shares (c.LKR523.6 mn) on Horizon Holdings Ventures (Pvt.) Ltd. and Horizon Holdings (Pvt.) Ltd.

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 ACCESS ENGINEERING (AEL.N : LKR23.90) - AEL Invested 150% of ordinary shares (c.LKR523.6 mn) on Horizon Holdings Ventures (Pvt.) Ltd. and Horizon Holdings (Pvt.) Ltd. Empty ACCESS ENGINEERING (AEL.N : LKR23.90) - AEL Invested 150% of ordinary shares (c.LKR523.6 mn) on Horizon Holdings Ventures (Pvt.) Ltd. and Horizon Holdings (Pvt.) Ltd.

Post  Melissa Pereira Fri Jul 03, 2015 3:44 pm

TJL has announced on the investment in 100% and 50% of the ordinary shares of Horizon Holdings Ventures (Pvt.) Ltd. and Horizon Holdings (Pvt.) Ltd. The investment will be for a consideration of LKR273.6 mn and LKR250.0 mn respectively. Incorporated in June 2015 and March 2014, Horizon Holdings Ventures (Pvt.) Ltd. and Horizon Holdings (Pvt.) Ltd. are in the business of property development in Malabe, Sri Lanka over an extent of 12.5 acres.

The investment would further enable AEL to enter into the highly growing property development sector while adding a complementary segment to its operations since the investment has synergies with its core construction business.
Pleas refer the link for more details- https://drive.google.com/file/d/0B6oYIOgoj7LDeE9VbzdmeHBob28/view?usp=sharing

Melissa Pereira

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