Published on Thu, 19 Apr 2012
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Nextfinance has unveiled a new corporate identity with the change of name to Kanrich Finance Limited. This follows the change of ownership from Aspic Corporation Limited to Mutual Holdings Limited.

Subsequent to the recently concluded private share issue, majority shareholder, Aspic Corporation Limited exited and Mutual Holdings emerge as the single largest shareholder of Nextfinance Limited.

Incorporated in 1971 as Mutual Finance and Investment Limited, the company has been in existence for over 40 years in Sri Lanka as a registered financial company with the Central Bank. The company is undergoing significant changes with greater transparency and professionalism. Former NSB General Manager and CEO S H Piyasiri is the new Chairman of the company. Former State Pharmaceutical Manufacturing Corporation Chairman Dr K M S B Rekogama is the new Deputy Chairman. Former Central Bank Bank Supervision Division Deputy Director S Talagala is the other new member to join the Directors Board of the company. Director and CEO of the company Dhammika Sriwardhana said the company would lead the way in promoting personalized customer service. All efforts of the company will be directed towards achieving this objective.

Courtesy: Daily News