Royal Ceramics amalgamates with tile-making subsidiary

10 September 2019 12:01 am - 0     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s tile and bathware market leader Royal Ceramics Lanka PLC yesterday announced the amalgamation of Royal Porcelain (Pvt.) Ltd, a fully-owned subsidiary of 
the firm.


Following the amalgamation, Royal Ceramics Lanka PLC would continue as the amalgamated company, a stock market filing said. Royal Porcelain has its manufacturing plant in Horana and produces glazed floor and wall tiles in the porcelain, vitrified and ceramic categories for the Rocell brand. The plant has a capacity of 11,000 m2 per day. “The board of Royal Ceramics Lanka PLC is of the view that the amalgamation is in the best interest of the company and its subsidiary, Royal Porcelain (Pvt.) Ltd,” the filing said. The amalgamation is to take effect on a day not less than 20 working days from the date of publication of the notice of the proposed amalgamation in the government gazette and newspaper, pursuant to the two companies filing with the Registrar of Companies, the documents required to be filed in terms of the Companies Act.

Royal Ceramics said a further announcement would be made upon the issue of certificate of amalgamation.

 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

Doctors blame newborn for gash on her face

A baby born on September 21 at the Wathupitiwala Base Hospital in Gampaha has

Minuwangoda Covid-19 cluster expands

Here’s what we know so far about Sri Lanka’s Covid-19 cluster number 33

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.