Hatton Plantations PLC (COSE:HPL.N0000) entered into an agreement to acquire 56.79% stake in Mark Marine Services (Pvt) Ltd. from Central Finance Company PLC (COSE:CFIN.N0000) and CF Insurance Brokers (Pvt.) Ltd for LKR 270 million on June 21, 2021. Subsequent to the signing of the share sale and purchase agreement, the Central Finance Group received LKR 148.8 million on June 21, 2021, being an advance, which is equivalent to 54.95% of the total consideration due. The Central Finance Group will receive the balance payment of LKR 122 million on the date of completion of the sale of shares.

The Central Finance Company has obtained the approval of the Director, Department of Supervision of Non-Bank Financial Institutions of the Central Bank of Sri Lanka. Corporate Services (Private) acted as legal advisor to Central Finance Company.