Sri Lanka, Sept. 18 -- Asia Asset Finance PLC (AAF) has further strengthened its capital position following the oversubscription of its Rights Issue, reinforcing the company's financial resilience and providing a stronger platform for its next phase of sustainable growth.

The Rights Issue comprised 45,162,012 Ordinary Voting Shares at Rs. 33.30 per share, offered on the basis of four shares for every 11 shares held, with the objective of raising approximately Rs. 1.504 billion.

Investor response exceeded the amount sought. Applications totalling approximately Rs. 1.937 billion were received, resulting in the issue being oversubscribed by approximately Rs. 432.49 million. AAF received 1,264 applications for 44,582,154 shares under shareh...