Sri Lanka JKH extends deadline for Union Assurance offer

April 16, 3009 (LBO) - Sri Lanka's John Keells Holdings (JKH) has extended the deadline for shareholders of Union Assurance, in which it gained full control after buying out Carsons Cumberbatch, the other main shareholder.



JKH said the offer was extended due to public holidays over the local New Year holiday season which falls in April. Giving extra time till May 04, will allow shareholders to go through the offer, the independent advisor's report and comments of the Union Assurance board, JKH said.