Watawala floats Aussie subsidiary

Monday, 21 February 2011 00:48 -     - {{hitsCtrl.values.hits}}

Watawala Plantations Plc has floated a subsidiary in Australia to further its exports.

The company said an investment of Australian Dollars 7,500 (or Rs. 0.8 million) has been made in Watawala Tea Australia Ltd. with the approval of the Exchange Control Department of the Central Bank.