- RanaTop contributor
- Posts : 1786
Join date : 2015-12-16
Lee Hedges drops Rs2.8bn Sri Lanka serviced apartment project
A stock exhange filing said the company had received notice from 11 shareholders collectively owing 2.76 million shares saying they disagreed with the proposed project on a land called ‘Colpetty Mills’.
The dissenting shareholders had asked Lee Hedges to buytheir shares given their disagreement with the invetsment plan.
The statement said the firm would have gone ahead with the project only if the performance of the island’s real estate indystry and economic climate ws “conducive to such an investment” and the company getting the funds.
(COLOMBO, Feb 27, 2017)
http://www.economynext.com/Lee_Hedges_drops_Rs2.8bn_Sri_Lanka_serviced_apartment_project-3-7440-4.html
- Sri Lanka 01-year Treasuries yield drops to 9.65-pct
- Sri Lanka's inflation drops to 2.9-pct in Feb 2015: Central Bank
- Sri Lanka plans US$4bn PPP for LRT in place of Japan funded soft-loan project
- Sri Lanka President drops assassination bombshell, accuses India
- Sri Lanka drops capital gains on shares, real estate targeted