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)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
Gazette on new speed limit regulations to be issued within two weeks
Two underworld criminals wanted for multiple crimes, including murder, were brought from Dubai to Sri Lanka, today (12).
Senior DIG Nilantha Jayawardena has been sent on compulsory leave pending disciplinary investigation over his failure to prevent the Easter Sunday bombings.
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