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Wednesday, 8 December 2010 00:20 - - {{hitsCtrl.values.hits}}
The Rs. 600 million Initial Public Offering of Panasian Power Ltd. (PAP) has been oversubscribed, following which it was closed on its official opening day yesterday.
The Company issued 200 million shares at Rs. 3 each to repay its parent Power Hub International Sdn. Bhd for the acquisition of Manelwala Hydro Power (Pvt) Ltd., which operates a 2.4 Mw plant in Nuwara Eliya District. PAP also owns and operates a mini hydropower plant in Ratnapura with a capacity of 2 Mw.
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Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.