Vanik Leasing becomes Capital Reach

Consequent to the acquisition of majority stakes in Vanik Leasing Limited and Vanik Factors Limited by Capital Reach Holdings Limited (CRHL), the Board of Directors of CRHL had decided to change the names of the two subsidiary companies to Capital Reach Leasing Limited (CRLL) and Capital Reach Credit Limited (CRCL).

Accordingly, at a simple ceremony held at the company's corporate office at No. 1, Lake Crescent, Colombo 2, new name plaques were unveiled by the Chairman of the Group, Ajith Nivard Cabraal.

The Managing Director, Mayura Fernando and Director Daya Muthukumarana were also present. The respective Managing Directors of the two subsidiary companies, Nalin Wijekoon and Kolitha Perera also participated at the ceremony.