Hatton Plantations (HPL) is entering into a Partnership with Regency Teas, a milestone in the Company’s rapid and remarkable progress. In a share trade-off completed this week, Regency Teas has made a strategic investment of LKR 290 M by acquiring close to 30 Million Hatton Plantations (HPL) shares from Lotus Renewables (LRE), representing 12.28% of HPL’s share capital, an announcement made to CSE stated.
One of Sri Lanka’s largest tea producers, Hatton Plantations generates close to 10 million kilograms of tea annually, with 14 estates and 11 factories. Its plantations span is in excess of 7,200 hectares of land, and its premium quality high grown teas are grown in estate elevations reaching 4,800 ft above sea level.
For more information: http://allasiaweb.com/hatton-plantations-sharpens-competitive-edge-through-strategic-partnership-with-regency-teas/
Mon, 21 Dec 2020
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