In prospectus, they've stated that "The LKR 403,500,000/- raised on the Private Placement of 40,350,000 Shares and LKR 700,000,000/- raised on issue of shares to parent for cash has been utilized in acquision of 20.15% or 40.3 Mil shares of CLND.
Also the following announcement makes sense in this;
http://www.cse.lk/cmt/uploadAnnounceFiles/5741307078442_618.pdf
But when has Emagewise bought shares of CLND? I could not find any evidence, it was just a news we recieved at that time and CLND went up with this new..
But now is it only retailers driving this under the guise of Dili Jay?