Sri Lanka's Laugfs gas unit to invest in solid tyre venture

21 November 2011: Sri Lanka based Laugfs Gas Plc is planning to invest 150 million rupees in a solid tyre venture, its fully-owned unit Laugfs Eco Sri. Laugfs Corporation (Rubber) Ltd, is making solid tyres for export and is fully owned by Laugfs Holdings the parent of Laugfs Gas Plc. The money will be given via convertible debenture yielding 6 percent a year. A convertible debenture can be converted to equity at a future date.

Source: Lanka Business Online