Asia Capital wins Rs 1.5 Bn debt rebate
Sri Lanka, Sept. 1 -- Asia Capital PLC has taken a major step in strengthening its financial position after successfully securing a LKR 1.5 billion rebate on a LKR 1.8 billion debt owed to Fast Gain International Ltd.
This marks a significant milestone in the Group's restructuring and reinforces its renewed focus on sustainable long-term growth. The agreement was signed on June 30, 2026, and disclosed to the Colombo Stock Exchange on August 25, represents a substantial reduction of an obligation arising from several composite preference facility agreements. Following the rebate, approximately LKR 300 million remains from the original LKR 1.8 billion obligation, reflecting an 83% reduction in the targeted debt.
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