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Sri Lanka Equity Forum » Stock Market Talk » Abans Group to be Acquired by Singapore based fund

Abans Group to be Acquired by Singapore based fund

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fortuneteller

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Senior Equity Analytic
Senior Equity Analytic
Hayleys targets 60% market in Consumer Electronic Industry with the purchase of Singer PLC major stake. With monopoly status in Tile, Aluminum,Leisure, Entertainment backed by Banking and Finance arms will capitalize on synergies .

Another market player in the Consumer Electronic Industry , Abans group is also in the process of being bought over by a Singapore based fund. Final price is being negotiated and the buyer has already negotiated with two foreign Banks for facilities.

Highly leveraged and debt ridden Abans group which is presently suffering from drop in turnover and profit is in great danger.

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