FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com


Join the forum, it's quick and easy

FINANCIAL CHRONICLE™
Dear Reader,

Registration with the Sri Lanka FINANCIAL CHRONICLE™️ would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
FINANCIAL CHRONICLE™️
www.srilankachronicle.com
FINANCIAL CHRONICLE™
Would you like to react to this message? Create an account in a few clicks or log in to continue.
FINANCIAL CHRONICLE™

Encyclopedia of Latest news, reviews, discussions and analysis of stock market and investment opportunities in Sri Lanka

Latest topics

» Focus on Government controlled entities
by K.R Today at 8:06 am

» LOLC FINANCE PLC (LOFC.N0000)
by RAVI1980 Yesterday at 4:39 pm

» Sri Lanka cleared to borrow cheaper IDA funds by World Bank
by K.R Yesterday at 10:14 am

» PLR (Prime Lands) Next Value counter.. Fair Value Rs 20
by Anushka Perz Yesterday at 12:19 am

» NESTLE Target Price Rs.1500-INVESTMENT IN BUILDING A NEW VACUUM BAND DRYER AT THE STATE-OF-THE-ART FACTORY IN KURUNEGALA.
by Anushka Perz Yesterday at 12:15 am

» What will happen tomorrow?
by ErangaDS Mon Dec 05, 2022 9:12 am

» Paris Club proposes 10-year moratorium on Sri Lanka debt, 15 years of debt restructuring
by K.R Sun Dec 04, 2022 11:27 pm

» PMB/PLC/PINS
by K.R Sun Dec 04, 2022 8:00 pm

» Banking Sector Faces Tight Liquidity
by DeepFreakingValue Sat Dec 03, 2022 4:15 pm

» Sri Lanka: Exchange Rate Movement
by DeepFreakingValue Sat Dec 03, 2022 3:46 pm

» Fitch downgrades Sri Lanka’s rating further
by CHRONICLE™ Sat Dec 03, 2022 9:12 am

» Sri Lanka bond yields extend fall on DDR comments
by K.R Fri Dec 02, 2022 7:11 pm

» Sri Lanka banks may need more regulatory, accounting forbearance
by CHRONICLE™ Fri Dec 02, 2022 2:05 pm

» Banking Sector Vulnerability to Domestic Debt Restructuring
by God Father Fri Dec 02, 2022 9:29 am

» Palm Oil is going up again
by ErangaDS Thu Dec 01, 2022 3:09 pm

» The rupee was now ‘heavily undervalued’ based on fundamentals - Central Bank Governor Nandalal Weerasinghe
by K.R Thu Dec 01, 2022 8:58 am

» Shares to Sell
by Tax Wed Nov 30, 2022 5:36 pm

» HAPUGASTENNE PLANTATIONS PLC (HAPU.N0000)
by cheetah Wed Nov 30, 2022 10:10 am

» Will anyone else do this? Commercial Bank debentures.
by reyaz Wed Nov 30, 2022 7:18 am

» Billionaire owned listed companies faces insolvency issues in Sri Lanka
by God Father Wed Nov 30, 2022 1:45 am

LISTED COMPANIES

Submit Post


ADVERTS

Poll

EXCHANGE RATE PREDICTION: 2022

 Shareholder nod for Shaw Wallace land sale Vote_lcap16% Shareholder nod for Shaw Wallace land sale Vote_rcap 16% [ 43 ]
 Shareholder nod for Shaw Wallace land sale Vote_lcap21% Shareholder nod for Shaw Wallace land sale Vote_rcap 21% [ 58 ]
 Shareholder nod for Shaw Wallace land sale Vote_lcap30% Shareholder nod for Shaw Wallace land sale Vote_rcap 30% [ 83 ]
 Shareholder nod for Shaw Wallace land sale Vote_lcap34% Shareholder nod for Shaw Wallace land sale Vote_rcap 34% [ 93 ]

Total Votes : 277

ශ්‍රී ලංකා මූල්‍ය වංශකථාව - සිංහල
Submit Post


CONATCT US


Send your suggestions and comments

* - required fields

Read FINANCIAL CHRONICLE™ Disclaimer



EXPERT CHRONICLE™

MARKET CHAT


ECONOMIC CHRONICLE

GROSS DOMESTIC PRODUCT (GDP)


CHRONICLE™ YouTube

LATEST TWEETS

You are not connected. Please login or register

FINANCIAL CHRONICLE™ » DAILY CHRONICLE™ »  Shareholder nod for Shaw Wallace land sale

Shareholder nod for Shaw Wallace land sale

Go down  Message [Page 1 of 1]

Redbulls

Redbulls
Director - Equity Analytics
Director - Equity Analytics

The Shareholders of Shaw Wallace PLC have given their consent for the sale of 'Colpetty Mills' extending 264.65 perches for Rs.1.85 billion in an Extraordinary General Meeting (EGM) held on September 3, 2012.

The firm in a stock exchange filing said the execution of the sale agreement entered with the Avic International Hotels Lanka Limited was ratified and that any two directors of SHAW or one director and the Company Secretary can execute the transaction at an appropriate time.

Avic International Hotels Lanka Limited is a locally incorporated unit of Chinese state-owned aviation company CATIC (China National Aero Technology Import and Export Corporation).

It was earlier reported that Indian High Commission in Sri Lanka was eying this prime land and was ready to pay Rs.7 million a perch, to build a cultural centre.

The Sri Lankan High Commissioner, Prasad Kariyawasam had also been summoned and India’s displeasure over the deal had been made known to him, the Indian media reports stated.

SHAW expects to utilise the proceeding originating from the transaction for debt servicing and the development of its property development project 'Mayfair City' Stage I in the remaining section of the land in Colpetty.

The firm also said it expected to secure on a 99-year lease from the Urban Development Authority, a 52.9 perch land in front of the Colpetty property on the Galle Road side, which according to the company, would enable them to amalgamate both lands and go in for a meaningful development.
http://dailymirror.lk/news/21650-shareholder-nod-for-shaw-wallace-land-sale.html

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum