The Waskaduwa Beach Resort Limited, a subsidiary of Citrus Leisure PLC have made an agreement with Board of Investment of Srilanka on 5th April 2012 to Invest USD 23,770,000.00 or Srilanka Rupees equivalents.
The Hotel Citrus Waskaduwa will locate at Waskaduwa, Kaluthara. The Hotel Citrus Waskaduwa will 4 Star graded and will operate with 140 Roomed consisting of a Presidential Suite, 9 Deluxe Rooms, 140 Superior Rooms, Extensive Banquet facilities and a Spa including of water sports activities.
The Hotel Citrus Waskaduwa will expect to be open in 2013.
28th November 2011, the DFCC Vardhana Bank announced to Colombo Stock Exchange that the Bank will be a Public Limited Company (PLC) from 28th November 2011, as per the Introduction and Listing of the Debentures.
29th November 2011, the Colombo Stock Exchange announced that CSE has approved the In Principle applications of Hatton National Bank PLC Debenture Introduction. The HNB is listing its 20,000,000 Debentures on the Main board of CSE.
22nd November 2011, the Lankem Ceylon PLC announced to Colombo Stock Exchange that the Companies Direct Subsidiary Colombo Fort Hotels Limited has Acquire 100% of issued Capital of Galle Fort Hotel (Private) Limited at the total Consideration of Rs.772,170,000.00
22nd November 2011, the E.B.Creasy & Co PLC announced to Colombo Stock Exchange that the Companies Indirect Subsidiary Colombo Fort Hotels Limited has Acquire 100% of issued Capital of Galle Fort Hotel (Private) Limited at the total Consideration of Rs.772,170,000.00
22nd November 2011, the Kandy Hotels Company (1938) PLC informed to Colombo Stock Exchange; the Board of Director Approve the Sub Division of Shares subject to Shareholders Approvals at a General Meeting.
24th November 2011, the LB Finance PLC announced to Colombo Stock Exchange that the Company has upgraded its rating of RAM Rating for Long and short term financial institution rating from BBB+ / P2 to A- / P2.
The ratings are value added to the organization and improve the confident on future growth.
18th November 2011, the Ceylon Leather Product PLC announced to Colombo Stock Exchange, that the company has made finalized agreement to acquire 60% of the Stated capital of Palla and Company (private) Limited at a Consideration of Rs. 120,926,571.00
The Palla and Company (private) Limited is a footwear manufacturing company for the export market, the company has established on 2004 as BOI Approval company. The Palla and Company (private) Limited has recorded Rs.559 Million as Revenue for the financial period of 31st March 2011.
Further Ceylon Leather Product PLC has made agreement to made invest sum of Rs.298,641,313 for 298461 of Fully paid Non Voting, Convertible, Redeemable, Cumulative preference shares of Palla and Company (private) Limited at a coupon rate of 8%. The upon share covered after the date of 17th November 2012.
18th November the Lanka Ventures PLC announced to Colombo Stock Exchange, that the LVL Energy Fund Limited, which is a wholly owned subsidiary of the company has proposed to issue 15,600,000 Ordinary Voting share(23%) of the Issued Share capital by the way of Private Placement. The Private placement made at the minimum price of LKR. 45.00
While the Board of Directors resolve to issue 1,500,000 Ordinary Voting Share under Employee Share Option Scheme.