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FINANCIAL CHRONICLE™ » CORPORATE CHRONICLE™ » Eden borrows!

Eden borrows!

2 posters

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1Eden borrows! Empty Eden borrows! Tue Feb 25, 2014 9:55 pm

Jeremy

Jeremy
Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics

Eden Hotel Lanka in a Colombo Stock Exchange disclosure said when carrying out refurbishments to the hotel in 2013, the company from time to time sought financial assistance from its ultimate parent company, Lanka ORIX Leasing Company. As a result of the accumulation of such borrowings a total of Rs.363 mn had been borrowed by end September 2013.

Because of the incremental nature of the borrowings, the company inadvertently overlooked the fact that the total had reached a level which required disclosure.

- See more at: http://www.dailynews.lk/business/eden-borrows-rs-363-mn#sthash.LTqBXPUq.dpuf

2Eden borrows! Empty Re: Eden borrows! Wed Feb 26, 2014 12:46 pm

VALUEPICK

VALUEPICK
Expert
Expert

Thank you for posting this. I like hotel trends in Sri-Lanka.
Did anybody go to Eden? how is tourist numbers? What do they eat more? thanks

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