“Bartleet Finance PLC, presently known as Orient Finance PLC, is a Public Limited Company domiciled in Sri Lanka incorporated on the 24th July 1981 under the Companies Ordinance No. 51 of 1938 and re-registered under the new Companies Act No. 7 of 2007 on the 27th July 2009. The Company is licensed by the Monetary Board of the Central Bank of Sri Lanka to accept fixed deposits from the public. The Company is registered under the Finance Leasing Act No. 56 of 2000 and Finance Business Act No. 42 of 2011. Bartleet Finance PLC is in compliance with the CBSL regulations and was listed on the CSE via Debt Introduction (Debentures) on the 30th June 2011.

Originally, Bartleet Finance PLC was a member of the Bartleet Group of Companies. The Company’s parent undertaking was Bartleet Transcapital Limited.

Pursuant to the requirement imposed and guidelines given by the Central Bank of Sri Lanka in its Master Plan on Consolidation of Finance Sector companies, Janashakthi PLC (parent company of Orient Finance PLC) signed an MoU with Bartleet Transcapital Ltd, (parent Company of Bartleet Finance PLC), to amalgamate Orient Finance PLC and Bartleet Finance PLC in August 2014. On the 22nd January 2015, Janashakthi PLC acquired 86.79% stake of Bartleet Finance PLC representing 6,639,998 Ordinary Voting Shares. With the above acquisition, Janashakthi PLC acquired a total stake of 99.78% of Bartleet Finance PLC (7,633,747 Ordinary Voting Shares). Subsequently, 14,375 shares were bought by Janashakthi PLC from minority shareholders of Bartleet Finance PLC increasing total shareholding of Janashakthi PLC in Bartleet Finance PLC to 99.95%.

On 25th June 2015, shareholders of both entities approved the amalgamation at an Extraordinary General Meeting. Later, on 16th July 2015, the Registrar of Companies issued the certificate of amalgamation, and assets and liabilities of Orient Finance PLC were acquired by Bartleet Finance PLC, which continued to be the surviving entity. On 14th August 2015, the Company was re-named as “Orient Finance PLC”.”

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