ExpoLanka, Former Market Leader, to Delist from Colombo Stock Exchange

ExpoLanka, which has even occupied the number one position in the Colombo Stock Exchange, has decided to withdraw or delist from the stock market.

A leading company in the stock market for 45 years, this decision was taken due to the income volatilities and losses in the past period. Also, from the local shareholders, those willing to sell their shares. SG Holdings Global Pte LTD has agreed to pay LKR 185 each share. SG Holdings Global Pte Ltd, which made its initial investment in EHL in 2014, currently owns 82.43 per cent of the shares of the company being the prominent shareholder in ExpoLanka Holdings.

In January 2022, the average value of a share of this company had exceeded LKR 400 and the increase in the prices of the logistic sector along with the covid epidemic during that time is the reason for the increase in the share price. They had 389% increase of profits to a staggering LKR 72.7 billion from a profit of LKR 14Bn the previous year.