Fri, 29 Sep 2023 Today's Paper

JKH to sign US $ 640mn hotel deal next week

By

20 June 2013 03:19 am - 2     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka’s top conglomerate, John Keells Holdings (JKH), will sign a US $ 640 million deal to establish an integrated hotel complex in the capital of Colombo, three sources told Reuters yesterday.

JKH, the heavyweight of the US $ 18.5 billion Colombo Stock Exchange with a US $ 1.77 billion market cap, will sign the deal with a company from outside the country, the sources who have the direct knowledge on the deal told Reuters.

“This will be the biggest deal by a local company.

John Keells will bring US $ 640 million as foreign direct investment. The deal will be signed next week,” one source said.

Investment Promotion Minister Lakshman Yapa Abeywardena, without naming the company, said the government will sign a US $ 640 million agreement next week with a local company for a 500-room hotel complex with apartments, supermarkets and restaurants.

John Keells Holdings Deputy Chairman Ajith Gunawardena told Reuters that the project is in progress but declined to comment on the size of the project and if the company would sign the deal next week.

(REUTERS)

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

  Comments - 2

Order Gifts and Flowers to Sri Lanka. See Kapruka's top selling online shopping categories such as Toys, Grocery, Kids Toys, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,Astrology, Courier/Delivery, Medicine Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka
  • Bushel Perera Thursday, 20 June 2013 03:49 AM

    MONA GUNDUWAKDA DANNE NAAA.......

    Baby Thursday, 20 June 2013 04:27 AM

    reserve for our family..


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