Textured Jersey to raise Rs 1.2 b
The Colombo Stock Exchange has approved an application for listing of
ordinary voting shares of Textured Jersey Lanka in the main board
The CSE making an announcement said a total of 80 million ordinary
voting shares will be on offer for subscription at a price of Rs 15 per
share and subscription list will open on July 7.
The joint managers to the offer will be Acuity Partners and CT
Registrars to the issue is SSP Corporate Service Private Limited.
This issue is expected to raise Rs 1.2 billion, with around 30
percent of Textured Jersey to be in the hands of the public post-listing
on the CSE.
The listing will enable Textured Jersey to take advantage of
potential growth opportunities in Sri Lanka and the South Asian region,
the company said.
Textured Jersey is one of Sri Lanka’s most sophisticated production
facilities, manufacturing knitted fabrics for the intimate apparel and
Textured Jersey Lanka is a joint venture between Hong Kong listed
Pacific Textiles Holdings and Brandix Lanka.