December 10, 2016 2:49 AM ET

Diversified Financial Services

Company Overview of Central Investments & Finance Plc

Company Overview

Central Investments & Finance PLC provides financing and leasing services in Sri Lanka. The company offers lending products, including leases, hire purchase, and loans; micro finance services; and savings and fixed deposit products. It is also involved in the pawning business; sale of subdivided lands; and development, construction, and sale of houses and luxury/semi luxury apartments. The company was founded in 1966 and is headquartered in Colombo, Sri Lanka.

No. 181/1A, Dharmapala Mawatha

Colombo,  07

Sri Lanka

Founded in 1966

Phone:

94 11 441 9419

Fax:

94 11 268 6173

Key Executives for Central Investments & Finance Plc

Central Investments & Finance Plc does not have any Key Executives recorded.

Central Investments & Finance Plc Key Developments

Investors Will Get Full Ownership Of CIFL Once Proposed Investment Materializes

Central Investments & Finance Plc (COSE:CIFL-N-0000) says the Monetary Board has assured that investors would get 100% control once the proposed investment materializes. CIFL said that such intervention would be subject to other circumstances of the mechanism of proposed investment. The investors have already expressed their requirement of acquiring 100% ownership of the company. We sought advice from the Central Bank by our letter dated September 20, 2016, CIFL said. The CB has responded indicating that the Monetary Board is empowered under Finance Business Act to ensure that investors would get 100% control in the event of the proposed investment is materialized satisfactorily. Central Investment and Finance Company earlier said they are awaiting a response from a prospective German investor indicating their future plan of action to revive CIFL.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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