Tokyo Cement Company (Lanka) PLC has announced the incorporation of a fully owned subsidiary company to the Colombo Stock Exchange in accordance with Listing Rules 8.1.
The name of the Subsidiary Company is Tokyo Supermix (Private) Limited. The Primary objective for setting up the company is for operating of plants to carry on the business of manufacturer of and dealer in Ready Mixed Concrete and Cement value added products under a separate entity.
The company proposes to transfer all the assets and liabilities of the ready mix operation presently carried out under the parent company to the fully owned subsidiary company.
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