The Central Finance Co. Ltd. and its related
companies have divested their holdings in V. Capital Limited
(previously known as CF Venture Fund Ltd), a company quoted on
the Colombo Stock Exchange (CSE), to a strategic investor
incorporated in Malaysia.
The buyer MFB DATA BHD (MFB) is a subsidiary of
PointXnet Ltd, another IT company incorporated in the UK that
had been in operation for over 10 years.
Central Finance had been looking for strategic
investor to come into V. Capital for some time.
Ceylinco Stockbrokers has informed the CSE that
a Malaysian company had purchased nearly 4 million shares of CF
Venture Fund Limited (now V. Capital), amounting to 26.47% of
the issued capital.