Expolanka

Last updated

Expolanka Holdings PLC
Type Public
CSE:  EXPO.N0000
ISIN LK0381N00000
Industry Logistics
FoundedMay 5, 2003;19 years ago (2003-05-05)
Headquarters,
Sri Lanka
Key people
  • Hitoshi Kanahor (Chairman)
  • Hanif Yusoof (Chief Executive Officer)
RevenueIncrease2.svg LKR694.157 billion (2022)
Increase2.svg LKR86.653 billion (2022)
Increase2.svg LKR72.792 billion (2022)
Total assets Increase2.svg LKR296.354 billion (2022)
Total equity Increase2.svg LKR124.354 billion (2022)
Number of employees
3,202 (2022)
Parent SG Holdings Global
Website www.expolanka.com
Footnotes /references
[1]

Expolanka Holdings PLC is a diversified conglomerate with interests in logistics, leisure and ventures with a global presence in 20 countries and over 50 cities.

Contents

History

Expolanka Limited was established in 1978 as the Sri Lankan economy was liberalised and is the flagship company of Expolanka Holdings. Initially a pioneer exporter of fresh produce, Expolanka has had sustained growth emerging as a strong group of companies. The group has diversified into exports, imports and trading, freight forwarding & logistics, manufacturing, airline representation & operation, travels & tours and information technology over the years.

New Developments

Having announced on 26 April 2011, its intention to go public with an initial public offering after successful private placement of its shares to broadbase ownership, Expolanka Holdings went ahead with the IPO on 12 May 2011 floating 172,000,000 ordinary voting shares at LKR 14 per share.

Listed on the main board of the Colombo Stock Exchange, Expolanka Holdings PLC ranks among the top 5 diversified conglomerates in the bourse with a market cap of Rs. 27 billion as of 26 July 2011

In May 2014, SG Holdings, Japan's second largest logistics firm, acquired a 30% stake in Expolanka Holdings PLC triggering mandatory offer requirements set by Sri Lanka's Securities and Exchange Commission. [2] In June 2014, SG Holdings confirmed that it has secured controlling interest in Expolanka with the acquisition of over 51% of total shares. [3]

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References

  1. "Annual Report 2021/22" (PDF). cse.lk. Expolanka Holdings PLC. Retrieved 27 January 2023.
  2. "Japan Sagawa's deal with Expolanka boosts Lanka's hub aspirations". The Financial Times. Colombo, Sri Lanka. 12 May 2014. Archived from the original on 18 June 2014. Retrieved 16 June 2014.
  3. "Results of the Takeover Bid of Expolanka Holdings PLC". 19 June 2014. Retrieved 3 July 2014.