Company filings, disclosures and news on Associated Motor Finance Company PLC (AMF), Finance/Rental/Leasing on the Colombo Stock Exchange.
Secondary government bond yields fell across key tenors while buying interest remained strong; a Treasury Bill auction today will offer Rs.80 billion (Rs.35bn 91-day, Rs.25bn 182-day, Rs.20bn 364-day). Money-market liquidity stayed in a Rs.138.76bn surplus and the Central Bank conducted repos to absorb liquidity.
A seminar on changes to Sri Lanka's AML/CFT regime will be held on 20 Aug to examine three amendments passed on 9 July 2026 strengthening anti-money laundering and counter-terrorist financing laws. The event targets compliance officers of banks and financial institutions and will cover practical and regulatory implications.
Minority shareholders of Associated Motor Finance PLC have rejected the Rs.55/share offer after its amalgamation with L B Finance PLC and asked KPMG Sri Lanka to independently determine a fair value, citing concerns over the valuation method, higher impairment provisions, a Rs.385m goodwill write-off and conflicts of interest.
Colombo Stock Exchange midday indices rose, with the ASPI up 0.62% to 21,297.56 and market turnover 9.64 billion rupees, boosted by a Rs.9 billion trade in Commercial Credit & Finance. Hela Apparel filed for court-ordered winding up and Associated Motor Finance was delisted after amalgamation with L B Finance.
Sri Lanka's CSE closed lower as the ASPI fell 0.19% to 21,082.08 while the S&P SL20 rose 0.07% to 5,944.52. Market turnover was Rs 2.96 billion with retailing leading at Rs 1.08 billion; L B Finance completed amalgamation registration with Associated Motor Finance and its shares closed down 0.63% at Rs 158.75.
L B Finance PLC reported a 31% rise in PAT to Rs. 3.54 billion for Q1 ended 30 June 2026. Total income rose 47% to Rs. 18.76 billion, loans expanded to Rs. 341.96 billion, NPL ratio improved to 1.41% and capital ratios remained above regulatory minima.
Minority shareholders of Associated Motor Finance (AMF.N0000) say the proposed amalgamation with L B Finance (LFIN.N0000) undervalues AMF and have asked the SEC and CSE to review the Rs.55 per-share cash consideration; CBSL said pricing is outside its remit.
Associated Motor Finance (AMF) will amalgamate with parent L B Finance (LFIN) effective 31 July; AMF shares will be suspended after market close on 27 July and AMF minority shareholders will receive Rs.55 per share. LB Finance will absorb AMF's business and cancel the shares it holds.
Associated Motor Finance Company PLC will amalgamate with L B Finance PLC effective July 31, 2026, with AMF shares suspended after trading on July 27. L B Finance made a voluntary offer in Oct 2025 to buy 113,327,268 AMF shares at Rs.50 (100% of issued capital).
Colombo Stock Exchange closed down as the ASPI fell 0.19% (43.18 points) to 22,178.73 on turnover of Rs.1.54 billion. Asia Asset Finance announced GM and rights timetable and Associated Motor Finance said its merger with L B Finance will become effective by 31 July 2026.
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