Serenity Lake Leisure Private Limited, a Japanese company, will buy controlling shares of Hunas Falls Hotels PLC amounting to 66.2 per cent.
Hunas Falls Hotels PLC in an announcement to the Colombo Stock Exchange on Friday said that Amaya Leisure PLC and Carbotels Private Limited which own Hunas Falls Hotels have entered into a share purchase agreement with the buyer.
The owners will sell their entire holding which is 15.98 per cent and 50.22 per cent, respectively to Serenity Lake Leisure at Rs. 187 per share.
After this transaction is completed Serenity Lake Leisure will make a mandatory offer to the remaining shareholders of Hunas Falls Hotels. Jetwing has 15 per cent at Hunas Falls which they will also likely sell, Jetwing sources told the Business Times. (DEC)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Villagers in Nirmalapura, Daluwa, Norochcholai today staged a protest over an incident where a group of Navy officials and sailors had assaulted a resident in the area over night, Police said.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
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