ECONOMYNEXT – Sri Lanka businessman Kulappu Arachchige Don Dhammika Perera has bought 106.9 million shares of East West Properties PLC for 3.2 billion rupees.
This is approximately 77.40 percent of the issued shares of the company.
Perera bought 106,991,848 shares at 30.20 each, according a stock exchange filing.
The stock closed at 31.80 rupees.
East West Properties operates over 100,000 square feet of warehousing space and 30,000 square feet of commercial office space.
The company owns several properties including 32 apartments at Crescat Residences.
