SiS International Holdings Limited has completed the acquisition of listed equity in Gestetner of Ceylon PLC, a Sri Lankan company engaged in the importation and supply of office automation products and after-sales service. Following the acquisition, Gestetner will become a non-wholly owned subsidiary of SiS International Holdings Limited. As part of the transaction, a mandatory offer will be made to remaining Gestetner shareholders to acquire their ordinary shares at LKR239.75 per share. The sellers, Gestetner, and their ultimate beneficial owners are independent third parties.
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