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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyYesterday at 1:24 pm by Ethical Trader

» Easter Sunday Attack and Sri Lanka
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyYesterday at 12:45 pm by ruwan326

» අනං මනං! #/+?.<>
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun May 19, 2019 6:10 pm by ruwan326

» My Port Folio Bleeding But Its just the Begining Of..
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat May 18, 2019 7:40 pm by serene

» Thread for News on CSE and SL Economy
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat May 18, 2019 1:49 pm by ruwan326

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri May 17, 2019 9:54 pm by dhanurrox

» Re: Financial reports Q1-2019
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri May 17, 2019 7:53 pm by dhanurrox

» Sri Lanka mulls 25-pct ownership limit in finance companies
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri May 17, 2019 3:40 pm by Backstage

» Searing Heat in China Is Causing Havoc for Rubber Makers
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri May 17, 2019 2:43 pm by Backstage

» COMB.N0000 ( COMMERCIAL BANK OF CEYLON PLC )
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu May 16, 2019 8:00 pm by hammurabi

» Dividend Announcement
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed May 15, 2019 6:42 pm by Rana

» Israeli spyware breached WhatsApp security
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed May 15, 2019 7:47 am by කිත්සිරි ද සිල්වා

» Is Burka prohibted ?
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed May 15, 2019 7:30 am by කිත්සිරි ද සිල්වා

» Thread for General News Local/Foreign
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue May 14, 2019 11:49 am by CK

» Fed Rate hike , Rs Devaluation PART 2 : Should CSE be like this? Whose FAULT is it?
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri May 10, 2019 7:15 pm by Backstage

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu May 09, 2019 7:54 pm by ruwan326

» What to Analyse
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu May 09, 2019 5:53 pm by Ethical Trader

» Sweden-based Tundra Fund says Colombo bourse at lowest levels since 2009
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed May 08, 2019 5:43 pm by serene

» Telenor and Dialog Axiata's parent in talks to merge Asian businesses
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon May 06, 2019 1:50 pm by Backstage

» සුබ පාස්කූ මංගල්ලයක් වේවා !
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun May 05, 2019 6:51 pm by Backstage

» In the Meantime, Within Our Shores !
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu May 02, 2019 11:27 am by Ethical Trader

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed May 01, 2019 3:49 am by Ethical Trader

» Thread for News on Local and Foreign Politics
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Apr 26, 2019 8:18 am by කිත්සිරි ද සිල්වා

» how to access internet ?
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Apr 26, 2019 7:55 am by කිත්සිරි ද සිල්වා

» SERV - The Kingsbury
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Apr 25, 2019 9:26 am by ruwan326

» Lessons from movies
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Apr 23, 2019 8:26 am by කිත්සිරි ද සිල්වා

» DFCC.N0000 ( DFCC BANK PLC )
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Apr 22, 2019 12:38 pm by ruwan326

» Happy Birthday
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Apr 21, 2019 8:13 pm by Rana

» Little Known Facts !
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Apr 21, 2019 9:27 am by කිත්සිරි ද සිල්වා

» හීන්බන්ඩාගේ රැකියාව ඇසූ පසු පොලිස් නෝනලාට තරු පෙනුනා
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Apr 20, 2019 10:07 am by ruwan326

» HASU.N0000 (HNB ASSURANCE PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Apr 18, 2019 6:05 pm by Ethical Trader

» EAST WEST PROPERTIES PLC (EAST.N0000)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Apr 18, 2019 6:02 pm by Ethical Trader

» අසිරිමත් සුබ නව වසරකට ආසිරි !
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Apr 17, 2019 6:33 pm by hammurabi

» SEYLAN DEVELOPMENTS PLC (CSD.N0000)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Apr 12, 2019 8:55 am by yellow knife

» East West properties
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Apr 12, 2019 5:27 am by dhanurrox

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Apr 09, 2019 8:04 pm by NIRMALSG

» කිරි පිටි ගැන ඔබ මෙතෙක් නොදත් දේ
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Apr 08, 2019 5:31 am by Ethical Trader

» CONN.N0000
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Apr 07, 2019 3:15 pm by NIRMALSG

» LION.N0000 (Lion Brewery Ceylon PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Apr 07, 2019 8:52 am by ruwan326

»  5000 Post Milestone - Congratulations
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Apr 05, 2019 9:07 pm by Ethical Trader

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Apr 05, 2019 1:37 pm by Ethical Trader

» Micro Finance
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Apr 05, 2019 12:14 pm by yellow knife

» REXP.N0000 ( RICHARD PIERIS EXPORTS PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Apr 05, 2019 7:40 am by serene

» PLC.N0000 ( People's Leasing and Fiance PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Apr 03, 2019 6:04 pm by NIRMALSG

» VPEL.N0000 (VALLIBEL POWER ERATHNA PLC )
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Apr 03, 2019 3:40 pm by catseye

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Apr 02, 2019 12:38 pm by malanp

» Sinhala Cinema
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Apr 02, 2019 12:31 pm by yellow knife

» SEYB.N0000 ( SEYLAN BANK PLC )
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Apr 02, 2019 11:23 am by Backstage

» LIOC.N0000 (Lanka IOC PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Apr 02, 2019 11:15 am by LSE

» NDB.N0000 (NATIONAL DEVELOPMENT BANK PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Apr 02, 2019 11:11 am by Backstage

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Sri Lanka gets 88 responses for Hilton, Hyatt sales

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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by The Invisible on Thu Oct 25, 2018 7:20 am

ECONOMYNEXT- Sri Lanka has received expressions of interest from 88 international companies to purchase the Colombo Hilton and Grand Hyatt building, Finance Minister Mangala Samaraweera said

"We have received expressions of interest from 88 international companies," Mangala Samaraweera said.

The deadline for responses was also extended by two weeks to mid November, he said.

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.

However the government had said only few details of the investor was required in the EOI, and no financial bids are required at this stage.

Samaraweera said that the initial two week response period for the tender ads published in international media has now been expanded by another two weeks, to end in mid-November.

The previous plan of floating the two companies on a special board on the Colombo Stock Exchange will not go ahead, Samaraweera said.

He said it's too early to mention how much the government could raise from the sales.

Colombo Hilton, which is a single tower hotel, has a foundation which allows another tower to be built with an investment of 4 billion rupees and 2 additional acres of land to build commercial or residential property, but the government doesn't have the cash to expand, the government said.

It said that the yet-to-be completed Grand Hyatt has over 15 billion rupees in public funds invested.

Lazard Asia of Singapore and MTI Consulting are financial advisors to the sale. (Colombo/Oct23/2018)
The Invisible
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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Re: Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by serene on Thu Oct 25, 2018 7:55 am

The Invisible wrote:

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.


Main point here is they are not opposing the sale.

serene
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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Re: Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by The Invisible on Thu Oct 25, 2018 8:02 am

serene wrote:
The Invisible wrote:

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.


Main point here is they are not opposing the sale.

Because they know that they created this mess and someone else pays the price Very Happy
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