Chemanex PLC has sold its property (land and building) which is in an extent of 2A-3R-33.3P located at number 600, Sri Sasanajothi Mawatha, Ratmalana for a sum of Rs 615.29 million.
In terms of the sales agreement signed with the purchaser on January 15, 2018, the total consideration is payable in three installments of which the first installment of Rs 205.29 million was received at the time of signing the transfer deed on January 19, 2018. The second and third installments of Rs 205 million each are due on April 19, 2018 and July 19, 2018 respectively.
Chemanex is a member of CIC Group of Companies.
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