COLOMBO, 01 September 2026 – Asia Asset Finance PLC (AAF), a prominent financial services provider in Sri Lanka, has announced the overwhelming success of its 2026 Rights Issue, which was not only fully subscribed but also significantly oversubscribed, demonstrating robust investor confidence in the company’s future.
According to an official announcement made to the Colombo Stock Exchange (CSE) today, AAF successfully raised a substantial sum of Rs. 1,503,894,999/- through the issuance of 45,162,012 Ordinary Voting Shares at a price of Rs. 33.30 per share.
Strong Investor Confidence Evident
The Rights Issue, initially structured to offer shares to existing shareholders, saw remarkable demand beyond the allocated provisional shares. The company reported receiving applications for a total of 58,179,825 shares, exceeding the original offering by a significant margin.
- Provisional Shares Applied: 44,582,154 shares
- Additional Shares Applied: 13,597,671 shares
- Total Applications Received: 58,179,825 shares
This strong uptake resulted in the Rights Issue being oversubscribed by 13,017,813 shares, translating to an oversubscription value of Rs. 433,493,172.90/-. The enthusiastic response from investors underscores a positive sentiment towards Asia Asset Finance PLC’s strategic direction and financial performance.
Capital for Future Growth
The successful capital raise of over Rs. 1.5 billion is poised to significantly bolster Asia Asset Finance PLC’s financial position, providing capital for its ongoing growth initiatives and expansion plans. As a company licensed by the Central Bank of Sri Lanka, AAF plays a vital role in the country’s financial landscape, offering a range of asset-backed financing solutions.
The Board of Directors, led by Chairman V. A. Prasanth and CEO R. J. A. Gunawardena, expressed satisfaction with the outcome, which reflects the market’s trust in the company’s governance and operational strength. The board also includes S.S.R.D. De Silva Gunasekara (COO), K. R. Bijimon, G. M. Alexander, J. P. D. R. Jayasekara, T. C. D. Kumarasiri, and Justice S. Thurairaja, PC.
This achievement positions Asia Asset Finance PLC to continue its trajectory of growth, reinforcing its commitment to its stakeholders and contributing to the broader economic development of Sri Lanka.
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