Lankapage Logo Recent Top Stories
CP 13 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* Sri Lanka's Hikkaduwa Beach Resort IPO gets Rs. 4.5 million
Mon, Nov 12, 2012, 08:55 pm SL Time, ColomboPage News Desk, Sri Lanka.

Nov 12, Colombo: Sri Lanka's Hikkaduwa Beach Resort Limited, which opened its IPO last month has raised Rs. 4.52 million.

In a communiqué sent to the Colombo Stock Exchange today the hotel firm informed that it received 64 applications for 226,000 shares.

Hikkaduwa Beach Resort which comes under Citrus Leisure group opened the IPO on the 24th of October to raise Rs. 115 million. However, the investors have not shown expected interest to the IPO.

On the opening day it only got 40 applications for 90,500 shares receiving Rs. 1.81 million.

The leisure company offered 5,757,390 at a share price of Rs. 20.

Stock analysts say the present market weakness may be a reason for the low investor interest in the IPO.

Hikkaduwa Beach Resort is a four-star hotel and located in the southern coastal town of Hikkaduwa, 140 kilometers south of the Bandaranaike International Airport in Katunayake Colombo along the coastal Colombo-Galle Road.



ColomboPage - Recent 10 Stories
Sri Lanka, MCC in discussions on multi hundred million dollar grant for economic development
-- [29 minutes ago]
Former Chief Minister Pillayan further remanded over Tamil MP's murder
-- [1 hour and 27 minutes ago]
Sri Lanka strengthens Consumer Affairs Authority investigation officers force to safeguard consumers
-- [1 hour and 52 minutes ago]
Sri Lanka's President promises to strengthen free education system to benefit all children in country
-- [2 hours ago]
Sri Lanka nationwide inflation marginally increases to 4.2 percent in December 2016
-- [3 hours ago]
SriLankan Airlines most punctual among oneworld airlines in 4th quarter 2016
-- [3 hours ago]
Captain Angelo Mathews, injured players to return to Sri Lanka from South Africa tour
-- [3 hours ago]
European Investment Bank provides Sri Lanka Euro 50 million loan to improve Colombo wastewater network
-- [4 hours ago]
US Navy Ship USS Hopper's visit signals growing bilateral cooperation with Sri Lanka
-- [4 hours ago]
Sri Lanka President instructs AG to appoint a commission this week to investigate Central Bank bond scam

Copyright © 2000, 2012 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.