United Motors Lanka PLC (COSE:UML.N0000) executed a share purchase agreement to acquire Dutch Lanka Trailer Manufacturers Ltd from TRF Singapore Pte. Ltd. for LKR 700 million on October 17, 2023. Dutch Lanka Trailer reported turnover of LKR 3 billion and net worth of LKR 1.7 billion for FY 2022-23. This transaction is subject to approval of the shareholders of TRF Limited. The transaction is expected to complete in 60 days.

United Motors Lanka PLC (COSE:UML.N0000) completed the acquisition of Dutch Lanka Trailer Manufacturers Ltd from TRF Singapore Pte. Ltd. on December 12, 2023.