HVA Foods Limited in Rs 319 million IPO
Jan 5, 2011 7:00:00 PM - aussieindolanka.com
The HVA Foods Limited will make Sri Lanka a one-stop-shop (OSS) for tea-based products and will have a worldwide distribution, HVA Foods Limited Chairman, Rohan Fernando said at a press conference yesterday.
The HVA Foods Limited yesterday announced its intention to raise Rs 319 million from the Initial Public Offering (IPO) of 30 percent of its stake by listing on the Dirisavi Board of the Colombo Stock Exchange (CSE).
The company will offer 19,928,598 million ordinary voting shares at Rs 16 per share. The IPO will open on January 12 and if it is oversubscribed the company will commence trading in early February.