Sunshine Holdings
Sunshine Holdings PLC is a Sri Lankan conglomerate holding company that is engaged in the healthcare, consumer goods and agribusiness sectors. Sunshine Holdings was incorporated on 16 June 1973, and listed on the Colombo Stock Exchange in 1983. Sunshine Holdings ranked 45th in LMD 100, a list of quoted companies in Sri Lanka by revenue in the 2020/21 edition. History The company originates in 1967 with the establishment of Lanka Medicals pharmacy in Gampola. In 1977, a 'super centre' was opened in Kandy, the first of its kind in Sri Lanka. Sunshine Holdings was incorporated on 16 June 1973, and listed on the Colombo Stock Exchange in 1983. The 50th anniversary of the company was celebrated in 2017. In 2019, Sunshine Holdings was the 16th largest conglomerate company in Sri Lanka with a brand value of LKR3,947 million. The company reduced its investment in oil palm farming and dairy production and increased its stake in Watawala Tea Ceylon, a marketing company that brands Zesta and Watawala. 75% of Watawala Plantations' ownership was transferred to a joint venture with Wilmar International. In 2020, Sunshine Holdings acquired the Sri Lankan confectionery manufacturer, Daintee for LKR1.7 billion. The company was diversifying beyond its