Sunshine Holdings PLC (COSE:SUN.N0000) agreed to acquire the remaining 28% stake in Sunshine Healthcare Lanka Ltd from Akbar Brothers (Pvt) Ltd. for LKR 1.8 billion on March 23, 2022. As part of the transaction, Sunshine Holdings will acquire 3,089,159 shares by way of issuing 43,311,320 ordinary voting shares, subject to the Colombo Stock Exchange approving in principle the issue and listing of such shares and obtaining shareholder approval at an extraordinary general meeting. The transaction is subject to obtaining the necessary corporate and regulatory approvals. Corporate Services (Private) Limited acted as legal advisor to Sunshine Holdings.

Sunshine Holdings PLC (COSE:SUN.N0000) completed the acquisition of remaining 28% stake in Sunshine Healthcare Lanka Ltd from Akbar Brothers (Pvt) Ltd. on May 30, 2022.