Yeoh Kim Leng made an offer to acquire to acquire the remaining 47.97% stake in Ramboda Falls PLC (COSE:RFL.N0000) from its shareholders for approximately LKR 260 million on June 3, 2022. Under the terms, Yeoh Kim Leng will acquire 9,594,000 ordinary voting shares amounting to 47.97% of the issued and paid up ordinary voting shares of Ramboda Falls at LKR 26.8 per share. The Offer shall be unconditional as to acceptances from the date of commencement of the Offer. Ramboda Falls has appointed Almas Holdings (pvt) ltd to attend to the necessary coordination in relation to the recent acquisition of shares.

Yeoh Kim Leng completed the acquisition of an additional 10.69% stake in Ramboda Falls PLC (COSE:RFL.N0000) from its shareholders for LKR 57.2 million on July 25, 2022.