United Motors Limited Plc (UML) had informed the Colombo Stock Exchange (CSE) yesterday that the company has entered into a sale and purchase agreement with a unit of Janashakthi Group of Companies, to fully divest the shareholding of its subsidiary Orient Financial Services Corporation Limited. As per the share and purchase agreement, UML's entire holding in Orient Financial Service (23, 999, 995 shares) will be sold to Janashakthi Group's People's Venture Investment Company Private Limited for a consideration of Rs.230 million.
UML made this disclosure to the CSE yesterday, on behalf of Orient Finance.
source - www.dailymirror.lk
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