Though a 30 percent stake has been bought by a Japanese company, Hanif Yousuf who was Chief Executive Officer will continue in his position, says Expolanka Holdings.

S.G. Holdings Global (Pte) Ltd bought a 30 percent stake of Expolanka Holdings this morning.

In this transaction 586.4 million ordinary shares of Expolanka Holdings were bought by the Japanese company at Rs. 10.70 each.
S.G. Holdings Global (Pte) Ltd reportedly is looking for a 51 percent stake in Expolanka Holdings.