Asia Capital to take full control of Wadduwa Resorts in Rs.75mn deal

Asia Capital PLC has agreed to acquire a 22.13 percent stake in Wadduwa Resorts (Private) Limited, for Rs.75 million, paving the way for full ownership of the leisure property.
The company said it signed a Share Sale and Purchase Agreement with Japan Capital (Private) Limited, with the transaction expected to be completed by September 2026.
Upon completion, Asia Capital, together with its subsidiary Asia Leisure Holdings (Private) Limited, will hold 100 percent of Wadduwa Resorts, thereby consolidating its position in Sri Lanka’s hospitality sector.