The Investor Sentiment - Equity and investments forum for Sri Lankans

Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans
The Investor Sentiment - Equity and investments forum for Sri Lankans
Would you like to react to this message? Create an account in a few clicks or log in to continue.
Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting
Search
Display results as :
Advanced Search
Latest topics
CSE NEWS+ 2022Thu May 26, 2022 5:40 pmruwan326
Will CSE close for long period?Mon Apr 18, 2022 11:52 amHUNTER
Margin Trading Facility Fri Feb 18, 2022 12:02 pmpjrngroup
Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker

Go down
The Invisible
The Invisible
Posts : 3116
Join date : 2016-11-28
Age : 43

Sri Lanka hotel group Citrus Leisure to drop Kalpitiya hotel Empty Sri Lanka hotel group Citrus Leisure to drop Kalpitiya hotel

Fri Apr 13, 2018 7:47 am
Message reputation : 100% (2 votes)
ECONOMYNEXT - Hikkaduwa Beach Resorts Plc, a unit of Sri Lanka's Citrus Leisure, said it was seeking shareholder approval to abandon plans to develop an Ayurveda Resort and Spa in Kalpitiya and will use 283.5 million rupees from anpublic offering to settle debts.

A feasibility study on the proposed resort found that Kalpitiya was not ideal location for the project after raising funds from a public offer, the company said.
.
"The assessment was that Kalpitiya will not be an attractive location to build a star class resort in the foreseeable future due to several factors including the unavailability of required infrastructure facilities," the company said in a stock exchange filing.

Hikkaduwa Beach Resorts Plc will now dispose its lands and use the funds to develop other projects.

In 2017, the company, a unit of Sri Lanka's Citrus Leisure, absorbed three other listed hotel companies of the group as part of a restructure: Waskaduwa Beach Resort Plc, Kalpitiya Beach Resort Plc and Passikudah Beach Resort Plc.

Hikkaduwa Beach was trading 20 cents lower at 7.10 rupees Friday. (COLOMBO, 11 April, 2018)
spw19721
spw19721
Active Member
Active Member
Posts : 683
Join date : 2015-08-22

Sri Lanka hotel group Citrus Leisure to drop Kalpitiya hotel Empty Re: Sri Lanka hotel group Citrus Leisure to drop Kalpitiya hotel

Sat Apr 14, 2018 7:48 am
Thanks mate
avatar
lanka
Posts : 624
Join date : 2014-11-26

Sri Lanka hotel group Citrus Leisure to drop Kalpitiya hotel Empty Re: Sri Lanka hotel group Citrus Leisure to drop Kalpitiya hotel

Mon Apr 16, 2018 11:06 am
කාගෙ සල්ලිද​..?
Back to top
Permissions in this forum:
You cannot reply to topics in this forum