Jetwing to start building Kandy hotel
View(s):Jetwing Symphony Ltd which opened trading at the Colombo Stock Exchange (CSE) on Friday following its Initial Public Offering last month is set to start building a boutique hotel in Kandy, officials said.
“We aim to start by end of 1Q or early 2Q,” Hiran Cooray, Chairman, Jetwing Symphony Ltd told media at the opening of trading.
This is the CSE’s first listing of the New Year 2018.
The company’s Rs. 750 million IPO with 50.22 million shares will be utilised to complete Jetwing Symphony’s projects in the pipeline and also settle debt payments, he said.
Jetwing Symphony is the investment arm of the Jetwing leisure and travel group.