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Sri Lanka Equity Forum » Stock Market & Forum Help » Stock Market News » Sri Lanka’s AgStar acquires a factory complex

Sri Lanka’s AgStar acquires a factory complex

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Director - Equity Analytics
Director - Equity Analytics
Sri Lanka’s AgStar Properties Private Limited has purchased a factory complex in Ekala, Ja-Ela, by paying a sum of Rs. 400 million.

In a stock market disclosure, the company, which is a fully owned subsidiary of AgStar Fertilizers PLC, announced that it will use the acquired factory to relocate its fertilizer operations.

The property consists of approximately 9 acres of land together with over 150,000 sqft. of factory and buildings.

The purchase has been done on the 3rd of December.

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