Sri Lanka, March 29 -- Expolanka Holdings PLC delisting proposal received approval at the Extraordinary General Meeting (EGM) held on March 27. The parent company, SG Holdings, spearheaded the initiative to delist Expolanka Holdings PLC from the Colombo Stock Exchange, offering an exit price of Rs. 185 per share.
The decision received substantial support, with resolution one securing 5,138 votes in favour (80.84 percent) and 1,218 votes against (19.16 percent) from a robust turnout of 6,356 votes comprising both proxies and shareholders.
Similarly, the second resolution was met with widespread approval, with 5,129 votes (81.12 percent) in favour and 1,194 votes (18.88 percent) against, out of a total valid vote base of 6,323 from proxies ...