by HAL9000 Mon Oct 06, 2014 6:33 pm
Actually 29 was the IPO price. They grab Rs. 4 billion from IPO. Significant portion went to acquire Asian Alliance Insurance which was not in the initail plans.Construction of a large City Hotel managed by Swiss hotel chain Movenpick was also on IPO plans. we can see Movenpick building has erected next to Liberty Plaza as planned .
So at Kolpetty junction one of the most prestigious address in SL, three recently emerged business leaders have put their signatures. DJ-Liberty Plaza and Liberty arcade, Pathirage- Movenpick Hotel, KDDP- LB finance head office. Clear evidence of the impact of emerging business leaders to the SL economy.
It's noteworthy that Some old leaders like Lalith Kotalawala has perished to the rock bottom. Uncle Harry J- No significant contribution to post-war economic development development. Nawaloka- No much new development after Big boss passed away.
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