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Sri Lanka to establish holding company to include all SOEs

COLOMBO, Jan. 3 (Xinhua) — The Sri Lankan government approved a proposal to establish a holding company which includes all state-owned enterprises (SOEs) that are to be restructured, an official said here on Tuesday.

Government spokesman Bandula Gunawardena said the proposal was presented by President Ranil Wickremesinghe.

This holding company will be fully owned by the Ministry of Finance and will fast-