Sanken Investment in CL Synergy Group

Marking a significant milestone in the construction industry, Sanken Overseas (Pvt) Ltd made inroads into the freight and logistics sector through an investment in CL Synergy.

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Sanken Overseas (Pvt) Ltd is a stalwart in the construction and real estate sectors and the penning of an agreement from their end reaffirms the importance of the logistics sector to the economy. CL Synergy is a home grown Logistics brand that is welcoming a new shareholder for the first time since its inception twenty one years ago, which indicates the firm resolve it has to scale and grow beyond boundaries.

CL Synergy recounts that the journey towards attracting an investment commenced in the aftermath of obtaining approval to list on the Main Board of the Colombo Stock Exchange. Due to turbulent economic conditions, the directorship chose to seek a private placement instead. Sanken Overseas with its deep Sri Lankan roots, strong work ethic and disciplined approach to business was seen as an ideal partner.