C M Holdings makes deal for Rs. 260 m property sale

Tuesday, 27 January 2026 03:08 - - {{hitsCtrl.values.hits}}

C M Holdings PLC said it has entered into a Sale and Purchase Agreement with Vogue Real Estate Ltd., to dispose of a property located in Thalangama South for Rs. 260 million.

The company said the agreement was executed on 21 January. The land, as depicted in Plan No. 3597 dated 27 June 2006 prepared by Licenced Surveyor M.L.N. Perera, has a total extent of A 00-R 02-P 29.20 (around 109.20 perches at Rs. 2.38 million a perch).

C M Holdings said the purchaser has paid Rs. 26 million as an advance, with the balance Rs. 234 million payable on or before 31 March 2026.

The company added that the Deed of Transfer will be executed upon receipt of the full purchase consideration, in line with the terms and conditions of the agreement.

C M Holdings’ share prices closed Rs. 0.70 lower yesterday at Rs. 59.60.

As of end-September 2025, the company reported net assets of Rs. 467 per share at group level and a retained earnings reserve of Rs. 6.8 billion on a Rs. 8.45 billion balance sheet at group level.

Its biggest shareholder was The Colombo Fort Land & Building PLC with a 63.49% stake.