East West Properties PLC news & filings

Colombo market closed flat as the ASPI fell 0.23% (47 pts) to 19,929 with turnover around Rs.7.1bn and foreign net selling of Rs.28.5m amid profit-taking. Transportation led turnover (20%) driven by Digital Mobility Solutions Lanka, while banking contributed strongly with activity in Sampath Bank and HNB.

East West Properties PLC divested a 77.4% stake to business magnate Dhammika Perera in a LKR 3.2 billion transaction, with Bridjin advising the promoter shareholders. Bridjin said the deal was closed in record time, marking its first transaction advisory assignment.