📈 Sunshine Holdings Secures 75% Stake in Agri-Export Venture for Rs. 2.7 Bn

• The Transaction: Sunshine Holdings PLC has officially finalized the acquisition of a majority stake in Joint Agri Products Ceylon Ltd (JAPC). The deal involved purchasing 577,320 shares for a total consideration of Rs. 2.7 Bn. • Sector Focus: The acquisition significantly boosts Sunshine's presence in the export agriculture segment. JAPC specializes in the processing and export of spices, coconut products, and tea. • Market Reach: JAPC, along with its subsidiary Sancan Exports Lanka Ltd, maintains a strong export footprint in high-value markets, specifically the EU and the US. • Strategic Impact: This move is designed to diversify Sunshine Holdings' consumer sector portfolio, shifting focus toward foreign exchange-earning, export-oriented markets to drive long-term growth. • Market Reaction: Following the announcement, Sunshine Holdings PLC shares closed at Rs. 29, down Rs. 1 for the day.