Sunshine Holdings’ divestiture on Tuesday of majority control of Hatton Plantations PLC, to Lotus Renewable Energy (Pvt) Ltd, is in line with the group’s strategy of taking a significant step in refocusing its footprint in healthcare and consumer segments for strategic specialization.
Estate Management Services Pvt Ltd (EMSPL), a subsidiary of Sunshine Holdings, on Tuesday disposed 51 per cent of the shares in issue in Hatton Plantations PLC to Lotus Renewable Energy Pvt Ltd.
In a statement, Vish Govindasamy, Group Managing Director of Sunshine Holdings, said Lotus Renewable Energy Group (LREG), a multinational renewable energy company with its operations across India, Singapore and Australia, has over two decades of experience in managing several plantation estates in Sri Lanka.
“Hence we made sure our divestiture will be to an experienced business entity, and we are confident they will continue to develop the plantations as we have done. Sunshine Group will continue to work hard in expanding their businesses while maintaining a reliable and responsible diversified business conglomerate,” he said.
Former State Minister Lohan Ratwatte passed away today while receiving treatment at a private hospital in Colombo, his family said. He was 57. Recently, he was admitted to hospital following an illness.
Among the top news stories reported today were the passing away of former State Minister Lohan Ratwatte, questioning of NPP Leader Wimal Weerawansa by the CID over the remarks he made about the Easter Sunday attack investigations and a protest march held in Borella calling an end to Israel’s continued bombardment of Gaza.
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A NPP MP has proposed that in the event of a dog bite caused by non-vaccinated domesticated pet dog, the owner of the pet should be called to pay for the treatment expenses incurred by the state run hospital.
Two persons reportedly involved in the murder of a resident in Peradeniya following a dispute over a chocolate worth 10 cents has been remanded by the Magistrate when Peradeniya Police produced them in court.
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