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https://www.dailymirror.lk/business-news/LOLC-completes-shares-transfer-of-3-finance-firms-to-holding-company-LOLC-Ceylon/273-225230
The move is part of LOLC Group’s global strategy to attract investors to the large finance companies under the ownership of the group in order to create a platform to enable potential investors to acquire minority stakes in them. By attracting such investors, LOCL aims to build capabilities to support the finance companies to grow even further and offer an even better service to customers by introducing the latest technologies, technical know-how, and providing training for employees. Further, LOLC also plans to list LOLC Asia Private Ltd, the holding company of LOLC Ceylon on Singapore Stock Exchange by end of this year.
The move is part of LOLC Group’s global strategy to attract investors to the large finance companies under the ownership of the group in order to create a platform to enable potential investors to acquire minority stakes in them. By attracting such investors, LOCL aims to build capabilities to support the finance companies to grow even further and offer an even better service to customers by introducing the latest technologies, technical know-how, and providing training for employees. Further, LOLC also plans to list LOLC Asia Private Ltd, the holding company of LOLC Ceylon on Singapore Stock Exchange by end of this year.
