Japanese eye major investments
View(s):Some major Japanese investors are eyeing stakes in manufacturing and construction sectors, a Japanese investor in Colombo scouting for related businesses said.
“We are discussing with a few Sri Lankan companies in these sectors,” Masami Awano, a Japanese investor who has secured an investment with OpenArc Arc Software Company told the Business Times. He added that these discussions are on either to buy part stakes in existing companies or set up fresh companies.
He said that Japanese investors purchased 19 per cent shares in OpenArc recently in a Private Placement for US$ 2.5 million, a transaction which was spearheaded by him. He added that a consortium of investors bought into this firm.
He added that more such consortiums are slated to come to Colombo this year. “They are primarily interested in manufacturing and construction sector and also in the leisure sector.”