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On 17th January 1990,
under the Conversion of Public Corporations or Government Owned Business Undertaking into Public Companies Act No. 23 of 1987, the Cey-Nor Foundation Limited was incorporated as a Public Limited Liability Company. The Company was given the mandate to take over and continue the business of the Government Owned Business Undertaking of Cey-Nor Development Foundation Limited which had begun operations in 1967 as a nonprofit organization dedicated to enhancing the education and welfare of the domestic fishing community. |
