BusinessLaugfs Gas PLC will be segregated with three out of its six subsidiaries to be individually listed on the Colombo Stock Exchange (CSE) from April 1 this year. Laugfs Power Ltd, Laugfs Leisure Ltd and Laugfs Eco Sri will be separately listed on the CSE to maximize the valuation of each unit, Chairman of Laugfs Gas PLC, W.K. When Laugfs Gas PLC was listed in the CSE, many local and foreign companies were eyeing to invest. Segregation will enable Laugfs Gas PLC to specialize in specific areas, not only in energy, but power, leisure and so on that will stand alone as separate entities. He also noted that Laugfs Hambantota terminal will be commissioned by the end of April or beginning of May this year.

Source: Sunday Times March 07, 2018 04:07 UTC