📈 Lankem Ceylon Acquires Major Stake in York Arcade for Rs. 340.58 Mn

• Lankem Ceylon PLC has acquired a 49.27% stake in York Arcade Holdings PLC from its parent company, The Colombo Fort Land and Building PLC. • The total transaction value was Rs. 340.58 million. • The deal involved 369,495 ordinary voting shares, executed on the Colombo Stock Exchange at Rs. 921.75 per share. • Lankem stated the acquisition supports the Group’s ongoing financial restructuring and is part of a plan to strengthen its balance sheet and operational alignment. • York Arcade's closing price yesterday was Rs. 892.50, compared to the deal price of Rs. 921.75. • York Arcade reported a Net Asset Per Share of Rs. 304.21 as of end September 2025.