Check with UDA whats going on as CLND success largely depend on this 17.5% partner.
Heard from a UDA source that CLND's pettah land development is awaiting final approval in a few months. A large parcel of Pettah land leased to CLND by UDA in late 80s on a 99 year lease is apparently not yet shown in CLND books becuase there was no project proposal until now. The previous Board led by tudawe had no strategy and that why Singporean owner changed the board to current led by godahewa-jayaweera-ali sabri-admiral karannagoda. If they incorporate the land in the books this year net assest will go up significantly and current PE will become highly relaistic
So stock is getting active again. Time to both buy and sell