Hayleys Advantis Ltd, part of the giant Hayleys group, has taken control of Sri Lanka Shipping Co, acquiring a 94.81 per cent in the company at Rs. 4.9 billion on August 23, the group said in an announcement to the Colombo Stock Exchange on Monday
“The acquisition is in line with the group’s strategy on expanding its maritime operations and paving the way for the establishment of the largest marine and shipping company in Sri Lanka,” it said.
Incorporated in 1956 and founded by Robert Senanayake, Sri Lanka Shipping Co is among the leading shipping and marine firms in Colombo. Its current board of directors (according to its website) is made up of Capt. Lester Paul Weinman (Chairman), Ms. Sonia Weinman, Mohamed Reza (Managing Director) and Ms. Feroza Delpechitrea. – ENDS -
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
In its first electoral test since taking power, the ruling National People’s Power (NPP) fell short of expectations, winning only around 40 % of the national vote in Tuesday’s local government election and falling short of enough seats to gain control of the majority of councils.
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