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Independent advisor tells AMF shareholders to reject LB Finance offer; acceptance period extended
Daily Mirror - Sri Lanka
|November 17, 2025
HNB Investment Bank, acting as the Independent Advisor, has recommended that minority shareholders of Associated Motor Finance Company PLC (AMF) reject the mandatory offer extended by LB Finance PLC.
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In a filing to the Colombo Stock Exchange, the advisor stated that the offer price of Rs.50 per share undervalues the company based on intrinsic valuation methodologies. Concurrently, LB Finance announced an extension of the offer period to November 24,2025, to facilitate the dispatch of the advisory report.
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