Sa Perera & Company one of the largest shareholder of Ceylon Leather Products Limited (CLPL) recently sold out its investment funds to Lionhart and Galleon for a lump sum amount of Rs206 millions.
While the company still retains a 21.55 percent stake with 26,93,562 shares in its bank vault, it dispensed 37,50,000 shares giving away 30 percent of the company's stake.
In an exclusive interview with Fibre2fashion, Mr Sitendra Senaratne, Managing Director/ CEO of Ceylon Leather Products Limited catered authentic data about the overall shares bought by both the companies.
Mr Sitendra affirmed that Lionhart Investment bought 29,73,900 shares at 55 rupees each or a 23.79 percent stake of Ceylon Leather, while Galleon International Master Fund bought 22,75,000 shares at the same price receiving a 13.20 percent stake, increasing its stake to 25 percent.
Nonetheless, it is expected that in spite of a change in possession of CLPL, the present Chairman Nimal Samarakkody would hold on to his office.
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