📈 Asia Capital settles Rs. 790.75m debt via River House share transfer

• Debt Settlement: Asia Capital PLC has finalized a deal to settle an outstanding liability of Rs. 790.75 million due to CC Trust Ltd. The settlement was executed by acquiring 9,000,001 shares of River House Ltd. and transferring them to the creditor's nominee, W S Trust Ltd. • Leisure Sector Consolidation: The company significantly increased its footprint in the hospitality and tourism sector through two major equity acquisitions: • Asia Leisure Holdings: Acquired additional stakes from Tamao Watanabe (Rs. 8.9m) and Aoba Pte Ltd (Rs. 192.6m). Asia Capital now holds a 99.98% controlling interest. • Wadduwa Resorts: Entered a Sale and Purchase Agreement to acquire a 22.13% stake for Rs. 75 million from Japan Capital Ltd. • Strategic Outlook: Upon the expected completion of the Wadduwa transaction in September 2026, Asia Capital and its subsidiary will achieve 100% ownership of Wadduwa Resorts Ltd, signaling a move toward total vertical integration within its leisure portfolio. • Financial Position: These transactions streamline the balance sheet by neutralizing a significant long-term liability while consolidating high-value tourism assets, essential for the company's long-term stability and employment capacity within the sector.