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Aitken Spence to release Rs 630m capital gain

Aitken Spence PLC announced that it would release a capital gain of approximately Rs 630 million rupees by selling a 30 percent stake in a container terminal project to China Merchants Holdings (International) Company Limited (CMHI).

"The sale was on normal commercial terms which have been determined through negotiations between the parties.

The directors consider the sale is in the best interest of the company and shareholders. We are very pleased that having attracted CMHI to partner us as the sole bidder for the development and operation of the Colombo South Terminal, the project has now commenced which is in the greater interests of the company, Aitken Spence said in a stock filling.

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