October 17, 2015, 7:23 pm
The directors of Colombo City Holdings PLC, previously Colombo Pharmacy Company PLC, owners of prime Union Place property at the Eye Hospital Junction have decided "in principle" to dispose the land and buildings owned at Union Place, Colombo-2 "subject to obtaining offers from prospective parties," the company said in a Stock Exchange filing on Thursday.
No details of the extent of the land and built up areas were given in the filing which said that the transaction would require shareholder approval. An extraordinary general meeting (EGM) would be summoned once a prospective buyer is identified, the filing signed by Colombo City Holdings Chairman A.G. Weerasinghe said.
The directors of Colombo City Holdings according to its last annual report of the company are Messrs. A.G. Weerasinghe, Rajan Asirwatham, Ruwan Sugathadasa, Ashan Dassanayake and Eric Wickramanayake.