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It is discussed among market circles that GREG the famous Lanka Century Investments will soon increase Colombo City Holdings (former Colombo Pharmacy) - PHAR stake to 100% whilst upon GREG's latest disclosure on increasing stake of CLPL- Ceylon leather Products to over 95%.Furthermore analysts say that GREG will further buy shares of CLPL and will soon increase CLPL stake too to 100%.Upon control and entire ownership of both CLPL and PHAR analysts say that GREG may delist those companies so that GREG balance sheet will be much stronger holding all those companies under one entity.
However it is also discussed among market Circles before any delisting move of CLPL and PHAR, the GREG will after taking nearly 100% of CLPL and PHAR both control stakes over 30% of each CLPL and PHAR will be sold back to Taprobane Holdings (TAP) so that there is no need for a delisting of CLPL or PHAR whilst GREG,CLPL,PHAR will all be owned and controlled by TAP group and continue to remain as listed entities.
However it is also discussed among market Circles before any delisting move of CLPL and PHAR, the GREG will after taking nearly 100% of CLPL and PHAR both control stakes over 30% of each CLPL and PHAR will be sold back to Taprobane Holdings (TAP) so that there is no need for a delisting of CLPL or PHAR whilst GREG,CLPL,PHAR will all be owned and controlled by TAP group and continue to remain as listed entities.
