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
US$ 70 million French aid to Sri Lanka for water supply system improvement and energy saving project
-- [4 hours ago]
Sri Lankan President congratulates top winners of Grade Five Scholarship
-- [5 hours ago]
Public Utilities Commission of Sri Lanka announces new electricity rates
-- [6 hours ago]
Minister denies receiving resignation letter from Sri Lanka's High Commissioner to UK
-- [6 hours ago]
Sri Lanka to mark World Children's Day tomorrow
-- [7 hours ago]
Sri Lankan President orders the release of 76 Indian fishermen
-- [7 hours ago]
Sri Lanka Customs arrests two with illegal gold stock
-- [7 hours ago]
British diplomat in Sri Lanka describes surveillance on her during visit to East
-- [8 hours ago]
Sri Lanka Navy arrests 16 fishermen poaching in Sri Lankan waters
-- [9 hours ago]
Sri Lanka Central Bank approves 8 more proposals for consolidation of financial institutions
-- [9 hours ago]

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.