World Elite Acquires Controlling 50.01% Stake in Gestetner 📈

• Hong Kong-based World Elite Ltd. has acquired a controlling 50.01% stake in Gestetner of Ceylon PLC through market trades. • Total Consideration: The acquisition cost Rs. 318.7 million (Rs. 318.7 Mn) for over 1.3 million ordinary shares. • Price: The shares were purchased at Rs. 239.75 per share. • Key Seller: The majority of the shares (1.2 million) were acquired from Gestetner (Eastern) Ltd. • Sector: Gestetner of Ceylon PLC operates in the office automation and document solutions sector. • Market Context: The purchase price (Rs. 239.75) is notably higher than the company's net asset per share of Rs. 212.60 reported at the end of June 2025.