Thu, 19 May 2022 Today's Paper

Selendiva Leisure to debut on CSE by end of this month: Treasury Secy.

8 June 2021 12:29 am - 0     - {{hitsCtrl.values.hits}}

A A A

The government is gearing to list several state-owned leisure properties through the special purpose vehicle (SPV) Selendiva Leisure on the Colombo Stock Exchange (CSE) by end of this month. 

 

Sajith Attygalle

Selendiva Leisure, which comes under Selendiva Investments, consists of Canwill Holdings Ltd (Grand Hyatt), Grand Oriental Hotel (GOH), Hotel Developers (Hilton) and several other prime real estate properties.


“Selendiva has formed the SPV Selendiva Leisure to consolidate Grand Hyatt, Grand Oriental, Hilton and several other prime properties. A listing is due on the Colombo Stock Exchange hopefully by the end of the month,” Treasury Secretary S.R. Attygalle announced yesterday, joining a session at Sri Lanka Investment Forum 2021. 


The government plans to offer a 49 percent stake in the company for public while retaining the majority stake. 
GOH was recently refurbished at a cost of Rs.269 million and the government is planning to expand the hotel to the adjoining York Street building, with the funds raised via the listing.


Attygalle noted that Selendiva Investments would acquire the underutilised and underperforming prime real estate and restructure them and raise capital. 

Selendiva, which is styled after Singapore’s Temasek, has been divided into three clusters.  


The government has already identified several numbers of properties to be placed under these clusters, including the prime land belonging to the Ceynor Foundation, adjacent to the Lotus Tower.

 

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.

  Comments - 0

Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




Order Gifts to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Vegetables, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

Sell your vehicle & house fast with hitad.lk only cost is Rs.400, Advertise in Hitad.lk for free to sell your mobile phone. Want to sell your Pet, Advertise for Free in hitad.lk Search for Houses in Sri Lanka and find the best place through Hitad.lk find your best tuition place. Find the best partner for you, visit hitad.lk Find anything at any time hitad.lk.


Constitutional Reform for ‘System Change’

A peaceful democratic ‘revolution’ is sweeping across Sri Lanka. It is a

Linus Jayatilake (Sept. 1942 - May 2022): A Comrade of all Working PeopLe

I first met Linus Jayatilake about a decade ago as some of us began engaging

Sri Lanka – In Lee Kuan Yew’s words

Lee Kuan Yew’s views about Sri Lanka have been published in three books, th

The Three Universal Truths in Buddhism

Buddhism is a moral and philosophical system, which expounds a unique path of