MAS Holdings Archives

August 5, 2022

MAS Holdings launched a new venture by acquiring the assets of BAM Knitting (Pvt) Ltd., a leading fabric manufacturing and finishing operation in Sri Lanka. MAS Holdings takes the majority stake in the new venture, with BAM Knitting as its joint venture partner. This investment further enhances MAS’ capabilities in the knitting, dyeing, and printing space for cotton fabrics and expands its backward vertical integration on the island.

The new joint venture will benefit from the technical resources and expertise of MAS, following the appointment of MAS specialists to key roles in the company, as well as MAS’ vast global experience in apparel and textile manufacturing. Significant synergies are expected from the acquisition, including production capacity enhancements and collaborations on new product developments.

“This acquisition is timely, both from the perspective of MAS and the Sri Lankan economy,” said Suren Fernando, CEO of MAS Holdings. “It enables MAS to increase the verticality of our Sri Lankan operations and mitigates the increasing volatility of global supply chains and costs of logistics while increasing the overall value added by MAS. It also highlights our continued confidence in Sri Lanka as a sustainable and competitive destination for apparel manufacturing, despite the ongoing economic challenges.”

“This new investment also serves as an endorsement of MAS’ continued confidence in the Sri Lankan apparel industry, especially at a time the island nation is undergoing many economic challenges,” Fernando added. “Initiatives of this nature are critical in ensuring the country’s long-term economic resilience and stability by helping to reduce its imports and strengthen exports. MAS takes pride in providing leadership to these efforts as Sri Lanka’s largest exporter.”

Amandha Fernando, the CEO of BAM Knitting, who will be at the helm of the new organisation, added that “The acquisition by MAS will undoubtedly elevate the capabilities that were developed at BAM, and MAS’ lean manufacturing processes, product development expertise and the strong people-centric ethos will surely transform the existing operation into a truly world-class business”.

The investment is part of MAS’ strategy to further strengthen operations in Sri Lanka, from where the company sources 50% of its raw material requirement, as a key hub for complex apparel products. As part of this strategy, MAS will continue to optimise and grow its capacity in Sri Lanka, focusing on aggressive productivity improvements and increased agility.

June 7, 2022

A non-profit aimed at tackling biodiversity loss, ocean pollution and lack of access to clean water

June 7^th, 2022: MAS Holdings, the Sri Lankan based design-to-delivery solutions provider, announced the launch of the ‘MAS Foundation for Change’, an independent non-profit organization aimed at tackling the social and environmental challenges faced due to biodiversity loss, ocean pollution, and lack of access to clean water.

The creation of the MAS Foundation for Change is an extension of the actions implemented by the company-wide sustainability strategy, Plan for Change. Introduced in 2021, the Plan for Change encompasses 12 commitments under the focus areas of Products, Lives and Planet.

MAS Group Chief Executive Officer, Suren Fernando stated, “The Plan for Change itself is an ambitious plan, and yet the world today is rife with challenges that require solutions of a scale that cannot be achieved by one organization alone. While we at MAS will keep working to achieve our Plan for Change commitments, we also know that the challenges our world faces require solutions developed through collaboration, innovation, and scale. That is why we have established the MAS Foundation for Change, to expand and accelerate our efforts by building partnerships with program implementers, innovators, and donors.”

In its inaugural year, the Foundation will focus on the expansion of the ‘Ocean Strainer’ pilot floating trash trap project introduced by MAS in 2020, in collaboration with customers and other like-minded partners, as well as scaling up biodiversity restoration initiatives through reforestation, invasive species removal and enrichment.

The MAS Foundation for Change establishes a unique operational mechanism in which 100% of donor funding is directed towards projects in the field, with MAS absorbing all overhead costs. The distinctive model has already attracted global and local partners, including the International Union for the Conservation of Nature (IUCN), Parley for the Oceans, the Laudato Si Challenge Foundation, Solar Impulse (part of Sail Lanka Yachting Group), Clean Ocean Force Lanka, and the Galle Conservation Society.

Director of the MAS Foundation for Change, Sharika Senanayake commented, “Our aim through the Foundation is to explore new ways of addressing some of the most significant environmental issues that we currently face in the world. We are strong believers in collaborative innovation, and we are currently working with a number of partners to find solutions to some of the most pressing challenges we see today. We are humbled to have the opportunity to kick off these efforts in Sri Lanka and look forward to expanding across borders as we find the right solutions and partners along the way.”

The MAS Foundation for Change will be led by a Board of Directors, including Rajitha Jayasuriya, Group Director – Corporate Affairs at MAS Holdings and Sid Amalean, Head of Sustainable Business at MAS Holdings. Interested parties are invited to get in touch with the MAS Foundation for Change at Foundation@masholdings.com.

May 4, 2022

The sixth annual awards honour the products, concepts, companies, policies, and designs that are driving change, tackling issues from climate change to inequality, and so much more.

[Colombo, Sri Lanka], [May 4, 2022] — The winners of Fast Company’s 2022 World Changing Ideas Awards were announced today, honouring clean technology, innovative corporate initiatives, brave new designs for cities and buildings, and other creative works that are supporting the growth of positive social innovation, tackling social inequality, climate change, and public health crises.

MAS Holdings Ocean Strainer was named a finalist in the Water category as a part of the 2022 World Changing Ideas Awards. The ‘Ocean Strainer’ is a pilot floating trash trap installed in the Dehiwala canal in Colombo, Sri Lanka and has expanded to eight other locations through open-source partnerships across the country since its inception in August 2020. Research showed that rivers and canals are the sources of 80% of the plastic that reaches the ocean. Therefore, the team at MAS Holdings needed to address the marine plastic issue at the source by trapping and removing the waste before it reaches the ocean. The result was the Ocean Strainer, a barrier made from a buoyant foam and canvas that floats across the length of the canal and traps plastic waste before reaching the ocean through the canal mouth. The waste is collected daily by an appointed resource person from the community along the canal, and project partners, Clean Ocean Force and the local Provincial Council support the collection and disposal of garbage. With 100 km of the canal network in Sri Lanka, canals provided an opportunity to develop an innovative yet simple solution that could be low cost and easily replicated across locations to create greater impact.

Now in its sixth year, the World Changing Ideas Awards showcase 39 winners, 350 finalists, and more than 600 honourable mentions—with climate, social justice, and AI and data among the most popular categories. A panel of eminent Fast Company editors and reporters selected winners and finalists from a pool of more than 2,997 entries across transportation, education, food, politics, technology, health, social justice, and more. In addition, several new categories have been added this year, including climate, nature, water, and workplace. The 2022 awards feature entries from across the globe, from Switzerland to Hong Kong to Australia.

Fast Company’s Summer 2022 issue (on newsstands May 10, 2022) will showcase some of the world’s most inventive entrepreneurs and companies tackling global challenges. The issues highlight, among others, probiotics for coral reefs, easy-to-assemble kit homes for refugees or disaster survivors, a 3D printed vaccine patch, an electric truck, a system to heat homes from the waste heat of a name-brand factory, and prosecutor-initiated resentencing for overly long prison sentences.

“We are thrilled to have the MAS Ocean Strainer be recognized as one of Fast Company’s World Changing Ideas. Coming from an island nation where the beaches have been our childhood playground, all of us at MAS feel very strongly about our responsibility to address the issue of marine plastic pollution,” says Sid Amalean, Head of Sustainable Business at MAS Holdings. “Our team has worked for a number of years with amazing partners who have helped us come up with an affordable, scalable solution, which we are proud to share with anyone who wants to replicate this in any part of the world. We are strong believers of collaborative value creation and are now looking at creating recycled polyester from the plastic waste that we collect through the Ocean Strainers to use in upcoming collections for our customers.”

“We are consistently inspired by the novelty and creativity that people are applying to solve some of our society’s most pressing problems, from shelter to the climate crisis. Fast Company relishes its role in amplifying important, innovative work to address big challenges,” says David Lidsky, interim editor-in-chief of Fast Company. “Our journalists have identified some of the most ingenious initiatives to launch since the start of 2021, which we hope will both have a meaningful impact and lead others to join in being part of the solution.”

April 21, 2022

On the 4th of April, MAS issued a statement expressing support of our citizen’s right to participate in
peaceful protests and the freedom of expression.

Given the ensuing events, MAS reiterates the need for immediate and decisive action to resolve the
current economic and social crisis, in a peaceful and sustainable manner. As a responsible organization,
we unconditionally support the call for change and good governance, and earnestly request the nation’s
leaders to heed the voice of the people and act on it, whilst respecting legal and constitutional due
process.

As the largest private sector employer and exporter in Sri Lanka, MAS is also acutely aware of our role in
maintaining the stability of Sri Lanka’s economy. To this end, it is crucial that we focus on delivering on
our commitments to our customers without disruption, to protect the livelihoods of our 92,000 associates,
their families, and the country.

The apparel industry has been the lifeblood of Sri Lanka’s economy through many turbulent and crucial
junctures in our history. We remain confident that together, we can overcome this crisis, and bring about
lasting change to build our country back, better.

As always, MAS is supporting our communities island wide during this time of hardship through our social
outreach programs by assisting those that are the most adversely affected by the crisis.

To all Sri Lankans – Be safe and be strong.
Change is Courage.

November 23, 2021

23^rd November 2021, Colombo: MAS Innovation (Pvt.) Ltd., a subsidiary of MAS Holdings, entered a partnership with the National Paralympic Committee (NPC) to provide innovative, best-in-class sports attire for Sri Lankan National Para Athletes. This partnership follows the MOU signed between MAS and the NPC on 23^rd November 2021 establishing MAS as the official clothing partner for the NPC, and will be applicable for local trainings, selection trials and competitions held both locally and internationally for the Sri Lankan Paralympic contingent.

Through this partnership, MAS will be the official clothing partner for the NPC over the next two years, with Sri Lanka’s Asian Youth Paralympic team being the first recipients of sporting gear provided by MAS, South Asia’s largest apparel and sportswear manufacturer for the world’s leading sportswear brands.

“Sri Lanka will be represented by six young athletes and two swimmers at the 3^rd Edition of the Asian Youth Para Games held in Bahrain with an overall participation of more than 35 countries. The Athletes will be competing under different categories and are now undergoing the last lap of their training in Colombo. This partnership with MAS will greatly benefit our athletes, elevating their performance and status as representatives of Sri Lanka” said Lt. Col. Deepal Herath, The President of the NPC.

Sri Lanka alone has more than 1.7 million people living with some form of disability. Many between the ages of 15 and 35 who are eligible and interested in para sports often go unidentified due to infrastructure and socio-economic challenges, with only a few having the opportunity to participate at a club or national level.

“We are proud to support and empower these talented athletes” said Ranil Vitarana, the Chief Innovation Officer at MAS adding, “We are at the forefront of innovating the highest quality of adaptive sports apparel, and leveraging upon our expertise we hope that we can enhance the performance of Sri Lanka’s para athletes, raising the standard of national para sports in Sri Lanka”.

Recognizing the challenges persons with disabilities face with conventional clothing which requires the full usage of both arms or legs, MAS ventured into the Adaptive Apparel space in 2019, catering to persons with temporary and permanent disabilities and mobility restrictions. Through comprehensive research with medical professionals, caregivers and users from the United States and Sri Lanka, MAS creates products that enable independent dressing and incorporates adaptive functionality into mainstream clothing.

“Our ultimate aim is to create impactful apparel solutions that enable communities to be inclusive, blurring boundaries and empowering all athletes to realize their full potential” added Vitarana.

MAS employs over 380 persons with disabilities who are involved in co-creating and testing Adaptive Wear including Para-athletes Amara Indumathi, and Kumudu Priyanka who participated in the Tokyo Paralympics 2020, who have also been closely involved in the development of Adaptive Activewear. This partnership is a testament to MAS’ commitment to inclusivity and its position as a leading corporate entity supporting persons with disabilities.

November 12, 2021

12th November 2021, Colombo. MAS Holdings announced that one of its subsidiaries, MAS Brands, which owns and operates the retail lingerie business under the brand amanté, was acquired by Reliance Retail Ventures Limited, a subsidiary of the Ambani-owned Reliance Industries. The amanté business, which was established by MAS in 2007/8, engages in the retail and wholesale distribution of premium lingerie brands amanté, Ultimo and every dé by amanté. The company sells its product through its own stores and multi-brand outlets, as well as through its e-commerce channels across India and Sri Lanka.

In 2018, MAS Holdings completed an assignment with a leading global consultancy to develop a long-term strategic plan for the conglomerate, which identified areas of growth based on its core competencies. Furthermore, the strategy prescribed that MAS source strategic partners for businesses outside of MAS’ core competency. The divestiture of amanté was an outcome of this plan, with MAS intent on finding the right partner to invest in the business enabling it to grow.

This is a significant foreign investment in a Sri Lankan-owned lingerie business by a retail giant, which in turn, is owned by one of India’s leading and diversified conglomerates, Reliance Industries. Reliance Retail will continue to invest and develop the business both in India and Sri Lanka.

A transaction of this nature and the ability to attract the largest retailer in India during these times of uncer- tainty is a testament to the strength of the business that MAS and the management team of amanté have built over the past decade.

“The acquisition by Reliance ensured that amanté would benefit from Reliance’s scale and retail expertise, and that the brand we created and our employees in India and Sri Lanka will continue to benefit from being a part of a well-established retail company” stated Mahesh Amalean, Chairman MAS Holdings. “This was a business MAS built from the ground up, leveraging on years of expertise in the lingerie business, so we are excited to see it transition to new shareholders and a parent organisation that, without doubt, will enable the brand and the company to thrive” added MAS Co-Founder Ajay Amalean, who was directly responsible for overseeing the amanté business from its inception.

Ms. Isha Ambani, Director, Reliance Retail Ventures Limited, said, “At Reliance, we pride ourselves in offering the best and enhancing choices to our customers and we are proud to bring high quality and design led products of ‘amante’. MAS is a well-recognized product innovator and manufacturer for some of the iconic global brands in this segment, the partnership and collaboration we build together with them will offer Indian customers world- class product quality and greater choices in this segment.”

“The teams at MAS Brands are excited at the new opportunities and prospects that this acquisition brings about, and are anticipating the strategic advantages and new learning that will come from working as part of a retail giant such as Reliance” said Vivek Mehta, the CEO of MAS Brands.

Further Information

For any further information on this release please contact:

MAS Holdings – Surein de S. Wijeyeratne: sureinw@masholdings.com

Reliance Retail – Manish Bhatia: manish.b.bhatia@ril.com

August 24, 2021

24^th August 2020

MAS Holdings’ product innovation will once again be in the spotlight at the upcoming 2020 Tokyo Paralympics, showcased by the technologically advanced ‘Zena Impact Protection Vest’ worn by the Australian Women’s national goalball team – the Aussie Belles. This impact protection wear is manufactured using two patented technologies, MAS Silueta’s reaction Injection Molded Foam Technology branded under the tradename “Impact 360 by Silueta” and using patented Silicone Flocking Technology.

MAS Silueta, a part of apparel conglomerate MAS Holdings, collaborated with the founders of Zena Sports, Brad and Donna Johnson to manufacture Zena’s female impact protection vest, to be worn by the Aussie Belles in the upcoming Tokyo Paralympics. Having understood the significant physical implications of impact sports, Australian couple, Brad and Donna Johnson realised that female adolescents faced many rib and breast injuries that go unreported despite their impact at a critical stage of physical development. Specifically designed for contact sport, the lightweight impact vest protects females against breast, rib and ground impacts, and helps maintain their agility and performance levels, with the prime goal of ensuring faster post-game recovery. Already popular among the Women’s Australian Football League players, the ‘Zena Z1’ vest now cements itself as a core aspect of Goalball – a high impact team sport specifically designed for blind and vision-impaired players.

The development of the vest is testament to MAS’ expertise in innovative, applicable sports products, and showcases their expansion into manufacturing impact protection wear for leading global brands. It also shines a light on the company’s long-term commitment towards female empowerment and inclusivity.

MAS Silueta was also responsible for producing the Canterbury Raze head guard, Worn by Team USA rugby player Kevon Williams in the recently concluded Tokyo 2020 Olympics.

Commenting on the innovative protective vest, CEO of Silueta, Ranesh Handunnethi stated, “We are proud to support Zena Sport in empowering the ‘Aussie Belles’ goalball team at the upcoming Paralympics with one of our newest products – the ‘Zena Impact Protection Vest’. Empowering women and promoting inclusivity are two of our foremost priorities and key tenets that power our drive for innovation. The Zena protective vest is a prime example of an innovative solution born out of this focus and is another step forward in our long-term value creation journey.”

Silueta specializes in apparel ‘design-to-delivery’ and uses Impact 360 by Silueta, a patented foam technology and patented Silicone flocking technology to create modern wearable apparel that improves the performance of its wearers. Some of the more well-known products released as part of Silueta’s innovation drive include the Canterbury head guard, and the Zena Sport range, alongside a variety of innovative intimate wear products.

May 31, 2021

Picture-02-3D-Image-of-the-Cardiac-and-Critical-Care-Complex.jpg

26 May 2021, Colombo Sri Lanka: MAS Holdings and its associates, honoured their pledge to support the ‘Little Hearts’ project of the Lady Ridgeway Hospital, one of the largest children’s hospitals in the world, by raising funds to upgrade its infrastructure in cardiac care, towards their ongoing national healthcare efforts

In 2019, at the request of the Sri Lanka College of Paediatricians, MAS embarked on internally raising funds for the ‘Little Hearts’ project, where the hospital requested the company’s assistance to raise Rs. 100Mn towards the construction of a Cardiac and Critical Care Complex in aid of children with heart diseases and critical illnesses, with construction being carried out by the Civil Engineering Division of the Sri Lanka Navy. The company was able to successfully raise in excess of Rs 130Mn through donations by both MAS employees and an equal-value contribution from the company.

The hospital superstructure construction commenced in 2020, with funding from the Little Hearts project, alongside the Sri Lankan government’s backing. The Cardiac and Critical Care Complex is a twelve-story hospital wing with 9 floors of the structure having been completed to date. The building will feature a cath lab, cardiac operating theatres and will increase the number of cardiac ICU beds from 18 to 36. It will also include over 70 medical and neonatal intensive care beds, a fully-fledged bone marrow transplant unit, as well as specialized zones for advanced cardiac investigations and staff-training facilities, allowing for the optimal provision of care for all children.

Lady Ridgeway Hospital further requested support from MAS towards the purchase of a high-end echocardiography machine which costs Rs. 18Mn. The hospital currently owns two echocardiography machines that are over 12 years old, with both machines performing over 20,000 echocardiograms annually. The accuracy of these echocardiograms is of paramount importance as it is a key component of determining how a child’s heart condition is to be managed for the rest of their lives. By leveraging the interest from the initial fundraising, MAS was able to provide the additional finances required to procure the machine.

Commenting on their efforts, Director- MAS Holdings, Ajay Amalean stated “We are honoured to be able to support the Little Hearts project. Social stewardship is part of our core corporate ethos, and this further showcases the importance MAS places on supporting our nation and our people. We encourage local companies to step forward in supporting the Little Hearts project, ensuring that this shared effort creates significant value for the nation and enhances the quality of our healthcare for children”.

Commenting on the project, Consultant Paediatric Cardiologist and the project director of Little Hearts, Dr Duminda Samarasinghe stated, “We would like to extend our sincere gratitude to MAS Holdings for their efforts towards supporting us. Every day, we lose around 8 children in Sri Lanka due to Congenital Heart Disease (CHD) or critical illnesses and most of them can be saved with the improvement of facilities. If all other corporations in Sri Lanka could think like MAS and support us to complete this building and help us purchase the best possible equipment like the Echocardiography machine, we can make most of these children live. This will help thousands of helpless families see their children live to become fruitful citizens of the country. MAS management and employees have shown how they care about the children of Sri Lanka and have set the stage for other corporations to follow.”

This is one of the many ongoing Social and Environmental Sustainability initiatives of MAS Holdings, who currently have numerous other projects underway targeted at enhancing the healthcare infrastructure needed to cater to the ongoing pandemic. With additional funds still being required to complete the facility, the Lady Ridgeway Hospital humbly seeks more donors for the project to step forward and contribute towards the national battle against Congenital Heart Disease.

May 12, 2021

12 May, 2021, Colombo – Standard Chartered Sri Lanka recently supported MAS Holdings to achieve one of its long-term strategic initiatives by identifying a suitable partner for its subsidiary, attune Lanka (Private) Limited. After a thorough evaluation conducted by the Bank’s Mergers & Acquisitions (M&A) team to identify a potential investor, MAS Holdings concluded the transaction with Rizing, a privately held, US-based boutique firm specialising in providing SAP solutions for Consumer Industries, Enterprise Asset Management and Human Capital Management worldwide, on 4^th May 2021.

Commenting on the Bank’s role as the sole financial advisor for this transaction was Bingumal Thewarathanthri, Chief Executive Officer, Standard Chartered Sri Lanka. “At Standard Chartered, we are committed to continue strengthening our relationships with clients by supporting them to achieve their long-term financial and strategic goals. Therefore, we are extremely delighted to have been able to help MAS Holdings, one of the Bank’s key clients and largest business conglomerates in Sri Lanka, in the successful and seamless completion of a transaction of this magnitude.”

In addition to assisting MAS Holdings select a suitable buyer through the evaluation of strategic buyers across the globe, Standard Chartered also played an important role in the competitive sell side process which involved preparing marketing materials and engaging in strategic discussions and negotiations with the buyer on areas including deal structures, due diligence, valuation and transaction documents.

“We’re thankful to Standard Chartered for guiding us throughout the process of this transaction. Helping us to identify Rizing as the most suitable partner for attune to thrive, expand and grow, and diligently working towards the best possible outcome for all three parties,” said Sudarshan Ahangama, Director – Strategic Investments, MAS Holdings. He added that “SC Sri Lanka connected us with their global network and stayed close to the transaction at all times. Executing a deal of this magnitude was no easy task, given the travel restrictions”.

Through this simultaneous sign and close transaction, Standard Chartered Bank’s South Asia M&A team maintained its track record of supporting its key clients in strategic endeavours in Sri Lanka. In addition to this transaction, where the Bank advised MAS Holdings in the divestment of attune Consulting, in recent years, the Bank has also advised LafargeHolcim in the divestment of its cement business in Sri Lanka.

Tamani Dias, Head of Local and International Corporates, Standard Chartered Sri Lanka said, “The facilitation of this transaction marks a big win for the Bank in many different aspects. Thanks to the efficient collaborative efforts of Standard Chartered Sri Lanka’s Corporate, Commercial & Institutional Banking Coverage and Integrated Middle Office teams, not only were we able to complete this transaction in a nimble and expedient manner, but we also managed to enhance our cross-border credentials by managing various stakeholders who are based out of different geographic locations.”

May 5, 2021

Colombo, Sri Lanka – 4th May 2021 MAS Holdings announced today, that in line with its long-term strategic objectives, it has concluded the acquisition of its subsidiary attune Lanka (Private) Limited by Rizing. Rizing is a privately held, US-based boutique firm specializing in providing SAP solutions for Consumer Industries, Enterprise Asset Management and Human Capital Management worldwide.
In 2018, MAS Holdings completed an assignment with a leading global consultant to develop a long-term strategic plan, which identified areas of growth based on its core competencies and in the adjacent areas of Femtech and Wearable technology. The divestment of attune was an outcome of this plan, with the intent of finding the right partner for the Company to enable it to scale and grow.
This is a significant investment in a Sri Lankan-owned global technology firm by a company that is backed by a large private equity fund from the US, which will undoubtably help attune to scale and strengthen its business in the years to come.
“The acquisition by Rizing ensured that attune would benefit from Rizing’s global scale and expertise, and that their customers and employees continue to thrive as part of a leading solutions provider in the fashion and consumer industries” stated Mahesh Amalean, Chairman MAS Holdings. He also added that MAS would continue its close partnership with Rizing and attune in terms of the ongoing implementation and support for SAP products and services across MAS SBU’s in Sri Lanka and overseas.
Mike Maiolo, CEO of Rizing stated that “Customers from both organizations benefit from this partnership. Now two of the top SAP partners in Consumer Industries and Fashion are a united force to deliver unmatched value through combined experience, expertise and scale”. A leading provider of systems solutions and implementation services for SAP and with offices in North America, Europe, Asia and Australia, Rizing is headquartered in Stamford, Connecticut, and has been on an aggressive mergers and acquisitions plan since 2018, acquiring several US-based and global firms.
“This merging of Rizing’s and attune’s industry knowledge and experience will provide our long-term valuable clients with access to exciting new technologies and talented resources” said Vajira de Silva, the CEO of attune, adding that “The strength of the combined companies will allow us to grow into new markets and augment our products and services to better address the needs of existing and new clients”. attune Lanka has subsidiaries in India, Australia, China, HK, Italy, Germany, UK, US and Netherlands, with over 500 employees worldwide.
Standard Chartered Bank’s global M&A advisory team acted as the sole advisor to MAS Holdings on this transaction.

Further Information
For any further information on this release please contact:
Surein de S. Wijeyeratne, Head of Corporate Communications, MAS Holdings
sureinw@masholdings.com

Newer Posts

Older Posts

MAS Holdings enters new venture with BAM Knitting

MAS Holdings launches the Foundation for Change

MAS Holdings Ocean Strainer Named Finalist in Water Category of Fast Company’s 2022 World Changing Ideas Awards

MAS Holdings’ Statement on Sri Lankan Crisis

MAS Holdings and the National Paralympic Committee enter a partnership to empower Sri Lankan Para Athletes

Reliance Industries acquires amanté from MAS Holdings

Zena Impact Protection Vest Manufactured by MAS Holdings Featured at the Tokyo 2020 Paralympics

MAS Holdings donates 130 Mn in support of the “Little Hearts Fund” – a project by the Lady Ridgeway Hospital

Standard Chartered serves as exclusive financial advisor to MAS Holdings in divestment of attune Consulting to Rizing

Rizing acquires attune Lanka from MAS Holdings