investor relelation

Investor Relations

Milestones

  • People’s Merchant Finance PLC was incorporated as a Limited Liability Company on 26th January 1983 under the Companies Act No. 17 of 1982.
  • Initially, it was a joint venture between People’s Bank (75%) and Guinness Mahon & Company Ltd of UK (25%).
  • Subsequently, Guinness Mahon & Company Ltd curtailed their activities in Asia and sold their equity in People’s Merchant Finance  PLC to People’s Bank.
  • In June 1993, People’s Merchant Finance PLC had a major capital restructuring through a private placement to a consortium of corporate investors, namely Development Finance Corporation of Ceylon (Presently DFCC Bank), HNB and Accepter Business Capital (SL) LTD –Hong Kong, presently Southbridge Capital Investment (SL) ltd Australia.
  • People’s Merchant Finance PLC was listed on the Colombo Stock Exchange in 1993.
  • Subsequent to the Rights Issue in January 2010 People’s Leasing Company Ltd became a major share holder apart from People’s Bank, Lanka Orix Leasing Company PLC, Environmental Resources Investment PLC and South Bridge Capital Investments.
  • Subsequent to the Rights Issue in November 2011 Capital Trust Holdings acquired upto 26% of the company becoming the second largest shareholder

Financial Statements

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