Tuesday, July 19, 2011

Sri Lanka Asia Capital exits tea broker

July 19, 2011 (LBO) - Sri Lanka's listed Asia Capital said it was selling a 40 percent stake in Asia Siyaka Commodities (Pvt) Ltd, a tea broking firm for 175 million rupees.

The stock will be sold to a firm called Asia Siyake (Pvt) Ltd, the company said in a stock exchange filing without elaborating.

Asia Siyake Commodities was originally formed a group of experienced tea brokers in partnership with Asia Capital

source - www.lbo.lk

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