Jan 27, 2022

Edirisinghes' property to Wijeratnes' leasing company!

Arrangements have been made to transfer three properties owned by Swarnamahal Financial Services PLC to SMB Leasing PLC.
 
At the present, the license of the crisis ridden Swarnamahal Financial Services PLC has been revoked.
 
The transfer has also received the approval of the Monetary Board of the Central Bank of Sri Lanka.
 
The Corporate disclosure addressed to the CSE CRO is shown below.
 
Ravi Wijeratne is the current Chairman of SMB Leasing Company, which was established in 1992. He became the main shareholder of the company last year, acquiring a majority stake in the company.
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