Selendiva Investments Ltd with Treasury ownership of 51 per cent, public 15 per cent and institutional investors 34 per cent of shares will take over the management control of Hilton Colombo, Grand Hyatt Colombo, Grand Oriental Hotel Colombo, Lotus Tower and unutilised land in Colombo.
Officials said that the Government was pursuing a strategic plan of establishing state-owned companies initially to manage underperforming and underutilised hospitality ventures and already built expressways or expressways/ highways which are under construction.
http://www.sundaytimes.lk/210124/business-times/state-companies-soon-on-the-cse-429431.html