Laugfs Corporation (Rubber) Ltd, is making solid tyres for export and is fully owned by Laugfs Holdings the parent of Laugfs Gas Plc, the firm said in a stock exchange filing.
The money will be given via convertible debenture yielding 6 percent a year, the firm said without elaborating.
via Lbo.lk
If this has come up in a booming market, we could ve seen the share flying, just like when LGL announced in last January where they were moving in to some steel related business. Then the share shoot up from 17 to 43.