Lankapage Logo Recent Top Stories
Go Home Home Serving the Sri Lankan community globally since 2000
go to

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
Bribery Commission files case against former minister Johnston Fernando
-- [7 hours ago]
No-confidence motion against Sri Lanka's Finance Minister handed over to parliament
-- [7 hours ago]
Sri Lanka's tri forces ready to assist police to maintain law and order
-- [7 hours ago]
British PM meets President Sirisena, offers £6.6 million over three years to help Sri Lanka recover from civil war
-- [9 hours ago]
Two Japanese naval ships arrive at Sri Lanka's Colombo Port
-- [9 hours ago]
Sri Lanka Tamil party MPs commemorate Heroes Day in Jaffna
Former DIG, his son sentenced to death for businessman's murder
Sri Lankan President expresses satisfaction over achievements as Chair in Office of Commonwealth
Sri Lankan Minister calls for lowering energy costs to sustain country’s manufacturing competitiveness
Prime Minister assures continuing the fertilizer subsidy for farmers

Copyright © 2000, 2012 by (LLC) :
The news and other contents on ColomboPage are copyrighted property of, 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, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.