PDS has informed that NorLanka Manufacturing, a subsidiary of the Company incorporated under the laws of Hong Kong is currently in the process of acquiring 26% equity stake in Nobleswear, a company incorporated under the laws of Sri Lanka. This strategic move is aimed at expanding its apparel manufacturing footprint and leveraging this growth to enhance its sourcing business. In view of the above, the Company has enclosed the Press Release titled ‘PDS Expands its Manufacturing Footprint in Sri Lanka’.
The above information is a part of company’s filings submitted to BSE.
