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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyYesterday at 11:51 pm by sanjulanka

» Thread for News on Local and Foreign Politics
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyYesterday at 8:46 am by The Invisible

» Thread for News on CSE and SL Economy
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 24, 2019 8:37 am by The Invisible

» The Central Bank of Sri Lanka Reduces its Policy Interest Rates
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 24, 2019 4:26 am by Ethical Trader

» Dividend Announcement
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 23, 2019 8:16 pm by Rana

» JKH - 155/00 Breakout is pending
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 23, 2019 2:21 pm by pjrngroup

» 8000 Post Club | Celebration of a Great Milestone කිත්සිරි ද සිල්වා
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 23, 2019 2:12 pm by pjrngroup

» Browns Investments update
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 23, 2019 10:08 am by sanjulanka

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 23, 2019 9:34 am by The Invisible

» Tokyo as at 21.08.2019 Morning
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Aug 21, 2019 10:07 am by nisashi

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyTue Aug 20, 2019 8:18 pm by ruwan326

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Aug 19, 2019 1:02 pm by කිත්සිරි ද සිල්වා

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Aug 19, 2019 10:13 am by Topcat

» NTB.N0000 (NATIONS TRUST BANK PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 10:33 pm by lanka

» Melstacorp (MELS)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 8:33 pm by The Invisible

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 8:26 pm by The Invisible

» DOCK.N0000 (COLOMBO DOCKYARD PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 8:18 pm by The Invisible

» SHL.N0000 (Softlogic Holdings PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 18, 2019 8:14 pm by The Invisible

» SAMP.N0000 (SAMPATH BANK PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 17, 2019 12:44 pm by nuwanmja

» Hayleys MGT
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 16, 2019 8:55 pm by ruwan326

» CFVF - First Capital
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 16, 2019 9:58 am by CK

» JINS.N0000 ( Janashakthi Insurance PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Aug 14, 2019 4:57 pm by The Invisible

» Ceylinco Insurance CINS
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Aug 14, 2019 9:18 am by The Invisible

» HNB.N0000 ( Hatton National Bank PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Aug 14, 2019 9:15 am by The Invisible

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Aug 14, 2019 9:11 am by The Invisible

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Aug 14, 2019 4:55 am by NIRMALSG

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Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Aug 12, 2019 2:55 pm by xmart

» HAYL.N0000 Hayleys PLC
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Aug 12, 2019 1:43 pm by CK

» PABC.N0000 (Pan Asia Banking Corporation PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Aug 12, 2019 1:33 pm by The Invisible

» Grain Elevators
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Aug 12, 2019 1:31 pm by The Invisible

» Sri Lanka sets US$3.5bn tea export target for 2030
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyMon Aug 12, 2019 1:27 pm by The Invisible

» Tea: July 2019 national average shows gains month on month
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySun Aug 11, 2019 9:19 pm by Topcat

» OSEA .N
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 10, 2019 6:40 pm by The Invisible

» Sri Lanka mulls reforms to punish 'errant' plantation companies
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 10, 2019 6:33 pm by The Invisible

» JKH.N0000
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 10, 2019 11:38 am by The Invisible

» HHL.N0000 ( Hemas Holdings PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 10, 2019 10:42 am by The Invisible

» Nestle NEST
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 10, 2019 10:28 am by The Invisible

» Ceylon Tobacco CTC
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptySat Aug 10, 2019 10:26 am by The Invisible

» Volkswagen කතාවේ ඇත්ත තත්ත්වය මෙහෙමයි.
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 09, 2019 5:37 pm by කිත්සිරි ද සිල්වා

» LLUB.N0000 (CHEVRON LUBRICANTS LANKA PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 09, 2019 5:07 pm by Ethical Trader

» VFIN - where the journey leads it?
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 09, 2019 9:21 am by ruwan326

» UAL.N0000 ( UNION ASSURANCE PLC )
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyFri Aug 09, 2019 9:20 am by ruwan326

» SPEN.N0000
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 08, 2019 10:20 pm by The Invisible

» Lanka Tiles
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 08, 2019 10:15 pm by The Invisible

» Expolanka
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 08, 2019 8:28 pm by ruwan326

» Tile - Snapshot
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 08, 2019 11:37 am by mymoney

» DPL.N0000 (Dankotuwa Porcelain PLC)
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 08, 2019 11:31 am by mymoney

» නිරුවත
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 08, 2019 9:36 am by කිත්සිරි ද සිල්වා

» HAYC - Haycarb
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyThu Aug 08, 2019 7:32 am by Beta

» WATA - Watawala
Sri Lanka gets 88 responses for Hilton, Hyatt sales EmptyWed Aug 07, 2019 12:03 pm by lanka

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Sri Lanka gets 88 responses for Hilton, Hyatt sales

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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by The Invisible on Thu Oct 25, 2018 7:20 am

ECONOMYNEXT- Sri Lanka has received expressions of interest from 88 international companies to purchase the Colombo Hilton and Grand Hyatt building, Finance Minister Mangala Samaraweera said

"We have received expressions of interest from 88 international companies," Mangala Samaraweera said.

The deadline for responses was also extended by two weeks to mid November, he said.

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.

However the government had said only few details of the investor was required in the EOI, and no financial bids are required at this stage.

Samaraweera said that the initial two week response period for the tender ads published in international media has now been expanded by another two weeks, to end in mid-November.

The previous plan of floating the two companies on a special board on the Colombo Stock Exchange will not go ahead, Samaraweera said.

He said it's too early to mention how much the government could raise from the sales.

Colombo Hilton, which is a single tower hotel, has a foundation which allows another tower to be built with an investment of 4 billion rupees and 2 additional acres of land to build commercial or residential property, but the government doesn't have the cash to expand, the government said.

It said that the yet-to-be completed Grand Hyatt has over 15 billion rupees in public funds invested.

Lazard Asia of Singapore and MTI Consulting are financial advisors to the sale. (Colombo/Oct23/2018)
The Invisible
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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Re: Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by serene on Thu Oct 25, 2018 7:55 am

The Invisible wrote:

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.


Main point here is they are not opposing the sale.

serene
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Sri Lanka gets 88 responses for Hilton, Hyatt sales Empty Re: Sri Lanka gets 88 responses for Hilton, Hyatt sales

Post by The Invisible on Thu Oct 25, 2018 8:02 am

serene wrote:
The Invisible wrote:

Opposition member Vasudeva Nanayakkara had written to Prime Minister Ranil Wickremesinghe saying there was not enough time for investors to respond by the end of the month, and he would go to court.


Main point here is they are not opposing the sale.

Because they know that they created this mess and someone else pays the price Very Happy
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