- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
ACL Cables
Sri Lanka’s ACL buys 51-pct stake in cable firm for Rs481mn
Tuesday November 26, 2019 12:50:19
ECONOMYNEXT – Sri Lanka’s ACL Cables said it plans to buy a 51 percent stake in another cable manufacturing company called Cable Solutions for 481 million rupees.
A stock exchange filing said it eventually will buy 75 percent of Cable Solutions along with other investors.
Cable Solutions Pvt Ltd., which makes cables and wires for the electrical and electronics industry, has a factory at Flinth Industrial Park, in Kadawatha, north of the capital Colombo.
It is the main plant of Cable Solutions Europe AB, in Sweden, which also has a plant in Kerala, India.
The Flinth Industrial Park is run by Swedcord Development, Sweden, and provides infrastructure amenities and support services for manufacturing firms.
(COLOMBO, 26 November 2019)
- share1
- Posts : 22
Join date : 2019-11-24
Re: ACL Cables
Dan poddak profit
Thanks you
- NIRMALSG
- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: ACL Cables
Last 3 Quarter NAV
Net asset value per share 89.33
Net asset value per share 88.75
Net asset value per share 90.47
- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Re: ACL Cables
- NIRMALSG
- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: ACL Cables
Sri Lanka’s ACL Cables wraps up acquisition of Cable Solutions
[You must be registered and logged in to see this image.]
ECONOMYNEXT- ACL Cables Plc, a Sri Lankan cable producer, said it completed the planned purchase of 51 percent of shares in Cable Solutions Pvt Ltd for 480.7 million rupees.
ACL Cables said it has plans to purchase up to 75 percent of shares in Cable Solutions in partnership with a consortium of investors.
ACL Cables’ stock closed 60 cents up at 56.50 rupees, in a market which is on a retreat.
Cable Solutions Pvt Ltd, which makes cables and wires for the electrical and electronics industry, has a factory at Flinth Industrial Park, in Kadawatha, north of the capital Colombo.
It is the main plant of Cable Solutions Europe AB, in Sweden, which also has a plant in Kerala, India.
The Flinth Industrial Park is run by Swedcord Development, Sweden, and provides infrastructure amenities and support services for manufacturing firms.
ACL Cables claims a 45 percent share of the local cable market while the ACL Group claims a 70 percent market share.
(Colombo/ Dec 20/ 2019)
- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Re: ACL Cables
[You must be registered and logged in to see this image.]
- NIRMALSG
- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: ACL Cables
- NIRMALSG
- Posts : 428
Join date : 2019-02-17
Location : Colombo
Re: ACL Cables
Cabinet Decisions -30-11-2020
14. Contract of supplying and distributing 2000 km of Aerial Bundle Cable Alu (ABC) 230/400V3x70+54.6+ 26mm2
Competitive bids are called for supplying aerial bundle cables for distribution zone 2 of the Ceylon Electricity Board. Accordingly the cabinet of Ministers approved the
proposal presented by Hon. Minister of power to award the contract of supplying and distributing 2000 km of Aerial Bundle Cable Alu (ABC) 230/400V3x70+54.6+ 26mm2 to
M/s ACL Cables PLC institute upon the recommendation of cabinet appointed standing procurement committee.
- The Invisible
- Posts : 3116
Join date : 2016-11-28
Age : 44
Re: ACL Cables
- chutiputhaTop contributor
- Posts : 1948
Join date : 2014-11-09
Age : 37
Location : SL
Re: ACL Cables
- subash
- Posts : 91
Join date : 2015-10-19