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» EAST WEST PROPERTIES PLC (EAST.N0000)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyToday at 11:51 am by yellow knife

» HASU.N0000 (HNB ASSURANCE PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyToday at 10:32 am by yellow knife

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyYesterday at 8:09 pm by PANTOMATH

» අසිරිමත් සුබ නව වසරකට ආසිරි !
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyYesterday at 6:33 pm by hammurabi

» Thread for News on CSE and SL Economy
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Apr 16, 2019 6:52 pm by NIRMALSG

» Dividend Announcement
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptySat Apr 13, 2019 10:53 pm by nihal123

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» Thread for News on Local and Foreign Politics
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Apr 09, 2019 11:25 am by Ethical Trader

» අනං මනං! #/+?.<>
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyMon Apr 08, 2019 7:23 pm by ruwan326

» DFCC.N0000 ( DFCC BANK PLC )
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyMon Apr 08, 2019 6:07 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Apr 05, 2019 12:36 pm by Ethical Trader

» Micro Finance
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Apr 05, 2019 7:40 am by serene

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyThu Apr 04, 2019 6:53 pm by NIRMALSG

» PLC.N0000 ( People's Leasing and Fiance PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Apr 02, 2019 11:11 am by Backstage

» Plantation sector updates
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyMon Apr 01, 2019 2:13 pm by nihal123

» What to Analyse
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyMon Apr 01, 2019 8:00 am by yellow knife

» MTD WALKERS - KAPI
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyMon Apr 01, 2019 5:01 am by NIRMALSG

» VONE.N0000 (VALLIBEL ONE PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptySun Mar 31, 2019 6:09 pm by lanka

» In the Meantime, Within Our Shores !
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptySun Mar 31, 2019 11:22 am by කිත්සිරි ද සිල්වා

» PB. N0000 (People's Bank)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Mar 29, 2019 5:33 pm by yellow knife

» Obituary Notice.
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Mar 29, 2019 5:07 pm by කිත්සිරි ද සිල්වා

» Happy Birthday
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Mar 29, 2019 9:58 am by Backstage

» Re: Financial reports Q1-2019
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Mar 29, 2019 7:45 am by serene

» Save Wilpattu !
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyThu Mar 28, 2019 1:58 pm by puliyanam

» Help him Today, so he can help another Tomorrow
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyThu Mar 28, 2019 7:49 am by serene

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Mar 26, 2019 6:18 am by pjrngroup

» අපිට විතරද පායන්නේ ?
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyMon Mar 25, 2019 9:06 pm by malanp

» Tourism sector
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyMon Mar 25, 2019 5:47 pm by NIRMALSG

» Oman's Oil and Gas Minister Dr. Al Ruhmy arrives in Lanka.
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptySun Mar 24, 2019 12:11 pm by Ethical Trader

» රෝගීන් වෙනුවෙන් කැප වන සෞඛ්‍ය සේවාවක් වෙනුවෙන්.....
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Mar 19, 2019 9:34 am by AjithR

» JEWS OF SRI LANKA: AN UNTOLD STORY
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Mar 19, 2019 9:22 am by කිත්සිරි ද සිල්වා

» How Small We are in the universe
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyTue Mar 19, 2019 7:29 am by nihal123

» ඉස්සරහට අපි පරදින එකනම් ෂුවර් – ධම්මික ක්‍රිකට් ගැන කතා කරයි
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyFri Mar 15, 2019 2:59 pm by nuwanmja

» HAYL.N0000 Hayleys PLC
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptyThu Mar 14, 2019 2:46 pm by yellow knife

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptySun Mar 10, 2019 8:36 pm by NIRMALSG

» GLAS.N0000 (PIRAMAL GLASS CEYLON PLC)
Sri Lanka pension fund to value hotel stake eyed by HPL Hotels EmptySun Mar 10, 2019 6:40 am by ruwan326

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Sri Lanka pension fund to value hotel stake eyed by HPL Hotels

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Sri Lanka pension fund to value hotel stake eyed by HPL Hotels Empty Sri Lanka pension fund to value hotel stake eyed by HPL Hotels

Post by The Invisible on Wed Aug 22, 2018 11:29 am

ECONOMYNEXT - Sri Lanka's central bank said the pension fund it manages was getting a valuation done of its stake in a southern beach resort managed by Marriot ahead of its sale to Singapore’s hospitality management firm HPL Hotels & Resorts.

The Employees’ Provident Fund (EPF) is in talks about the sale of Marriott Weligama Bay Resort & Spa with Weligama Hotel Properties Limited (WHPL) which is owned by East West Properties PLC.

A statement said the EPF Department had got a letter from the Chairman of WHPL in June 2018 to sell its stake in the hotel situated in Weligama Bay, a popular tourist resort, to HPL Properties Group.

East West Properties had signed a letter of intent to sell 72% of the shares of Weligama Hotel Properties Ltd. to HPL Hotels and Resorts Pte Ltd Singapore.

“The Monetary Board of the Central Bank of Sri Lanka has decided to obtain a valuation of EPF’s equity stake in WHPL and the valuation process is currently in progress,” the statement said.

“A comprehensive valuation would be essential to determine the value of EPF’s stake in WHPL prior to divesting, in order to ensure an adequate return to the Fund to maximize the benefits for its members.”
The Invisible
The Invisible

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