Another Ceylinco company may undergo a name change with ‘Ceylinco Housing and Real Estate Company PLC’ becoming ‘City Housing and Real Estate Company PLC’. In a circular to shareholders dated September 24, the Board of Directors of the company have decided to convene an Extraordinary General Meeting (EGM) to give effect to the name change for the approval of the shareholders.
Several Ceylinco companies have changed their names including Ceylinco Finance which is now known as Nation Lanka Finance and Ceylinco Shriram Securities Ltd. which became Entrust Securities. The Merchant Bank of Sri Lanka (MBSL) acquired Ceylinco Savings Bank which is now known as MBSL Savings Bank. Similarly, Ceylinco Shriram Asset Management Ltd and Ceylinco Shriram Securities Holdings also changed their names to Entrust Investments Ltd. and Entrust Ltd.