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Sri Lanka’s Colombo Dockyard says new buyer suggested for Japanese-owned shares

Summary by EconomyNext

ECONOMYNEXT – Sri Lanka’s Colombo Dockyard Plc said a new buyer for the equity held by Japan’s Onomichi group had been recommended but any sale decision is up to the Japanese shareholder. The Board of Colombo Dockyard, after getting a mandate from Onomichi, had engaged a financial advisor to find a buyer for the Japanese held stake. “Having considered the recommendations of the financial advisor, the Board of Directors of CDPLC has recommended a…

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Colombo Telegraph

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