Srilankan firm Maskeliya Tea Exports acquires 12% of Asia Siyaka Commodities


Asia Siyaka Commodities PLC now has an 11.84 percent share owned by Maskeliya Tea Exports (Pvt.) Ltd. Yesterday, Asia Securities said that on January 30, 2023, its client Maskeliya Tea Exports purchased 30.2 million ordinary voting shares of Asia Siyaka Commodities.

“Accordingly, total shares held by Maskeliya Tea Exports (Pv.t) Ltd in Asia Siyaka Commodities PLC amounts to 30,791,252 shares, which is 11.84 percent of the issued share capital of the company,” a stock market filing by Asia Securities said.

At the end of September 2022, Lanka Commodity Brokers Limited owned a 51.03 percent controlling interest in Asia Siyaka Commodities.

Chadstone (Pvt.) Ltd, which controlled 5.19 percent of the company, came in second place, followed by K.V. Kaviratne and Almas Holdings (Pvt.) Ltd, which held 4.23 percent and 3.85 percent of the company, respectively.

One of the biggest tea producers in Sri Lanka is Maskeliya Tea Exports, which began as a family-run modest business with one tea garden in the southern part of Ceylon. It is a vertically integrated network of tea-related businesses, with an emphasis on cultivating, producing, exporting, branding, and marketing tea.

Its knowledge spans every stage of tea production, from the initial establishment of new tea gardens, growing tea under difficult conditions, specialised field husbandry, and harvesting, through black and green primary manufacture, to the design, production, and international marketing of value-added tea products, including tea blending, tea flavouring, tea packing, and all facets of herbal tea production.

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