SRI LANKA’S ALUMINUM MARKET LEADER SEEKS EXPANSION FOLLOWING PUBLIC LISTING
March 1st, 2014
Sri Lanka’s leading aluminum profiles manufacturer Alumex Group hopes to raise USD6.41 million via an initial public offering made today (on March 6), which will make way for the company to finance a series of expansion plans including setting up a powder coating plant and acquire related dyeing manufacturing equipment.Pramuk Dediwela, Alumex director, was upbeat about the IPO saying his company expected an oversubscription on its opening day. A total of 59,860,600 shares were offered at the Colombo Stock Exchange at USD0.10 (Sri Lankan Rupees LKR14), which ...
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