Greener Waters - Vallibel One

dewminigamlath · 1 Greener Waters - Vallibel One Thu Nov 17, 2011 2:13 pm

dewminigamlath

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Vallibel One raised capital through its IPO mainly for a hotel project named "Greener Waters" at Negombo. A friend of mine said that there is a site clearing going on in Negombo, for what looks like a mega hotel project. Does anyone know whether this is the said "Greener Waters" of Vallibel One...?

cse_investor · 2 Re: Greener Waters - Vallibel One Thu Nov 17, 2011 2:24 pm

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Dhammika is building a copy of the Atlantis hotel in Dubai. Or so he is trying.

WildBear · 3 Re: Greener Waters - Vallibel One Thu Nov 17, 2011 2:26 pm

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refer:
http://www.summerseason.com/

Greener Water is the name of Hotel's Holding company and summer season is the name of THE HOTEL.

WildBear · 4 Re: Greener Waters - Vallibel One Thu Nov 17, 2011 2:28 pm

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cse_investor wrote:Dhammika is building a copy of the Atlantis hotel in Dubai. Or so he is trying.

He has proved that he can do many things which other couldn't do, or even think of;

cse_investor · 5 Re: Greener Waters - Vallibel One Thu Nov 17, 2011 3:51 pm

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WildBear wrote:

cse_investor wrote:Dhammika is building a copy of the Atlantis hotel in Dubai. Or so he is trying.

He has proved that he can do many things which other couldn't do, or even think of;

Fully agree. These days seeing is believing though.

smallville · 6 Re: Greener Waters - Vallibel One Thu Nov 17, 2011 5:42 pm

smallville

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WildBear wrote:

cse_investor wrote:Dhammika is building a copy of the Atlantis hotel in Dubai. Or so he is trying.

He has proved that he can do many things which other couldn't do, or even think of;

I was into vallibal one as a long term investment which i should forget for abt 5 yrs.. I told many months back that VONE should be considered as an emerging JKH in next era..
Seems like they've started branding their image wisely..
All the companies come under their wing, LFIN, SAMP, etc.. showed very good results.. Even VFIN.. If all goes well Mr. D Perera will start VTWO by next year and include other subs to it too..

chamith · 7 Re: Greener Waters - Vallibel One Thu Nov 17, 2011 5:46 pm

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cse_investor wrote:Dhammika is building a copy of the Atlantis hotel in Dubai. Or so he is trying.

For me this is more like Las Vega's famous Bellagio hotel/casino.

Bellagio:
Greener Waters - Vallibel One Las210

Summer Season:
Greener Waters - Vallibel One Summer10

ccsentha · 8 Re: Greener Waters - Vallibel One Thu Nov 17, 2011 10:45 pm

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smallville wrote:

WildBear wrote:

cse_investor wrote:

;

If all goes well Mr. D Perera will start VTWO by next year and include other subs to it too..

Friends what is "VTWO"?

cse_investor · 9 Re: Greener Waters - Vallibel One Fri Nov 18, 2011 12:13 am

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ccsentha wrote:

smallville wrote:

WildBear wrote:

cse_investor wrote:

;

If all goes well Mr. D Perera will start VTWO by next year and include other subs to it too..

Friends what is "VTWO"?

Vallibel TWO, the next chapter

smallville · 10 Re: Greener Waters - Vallibel One Fri Nov 18, 2011 9:14 am

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Vallibel owns 51% of LB Finance PLC (LFIN), 51% of Royal Ceramics PLC (RCL) and 100% in Greener Water with a 14.99% strategic stake in Sampath Bank PLC (SAMP).

The prospectus stated that the company has also evaluated several business opportunities in the power segment and will look at acquiring both private power producers in operation and green-field development projects.

Greener Water Ltd is the leisure sector investment arm of Vallibel One. Greener Water will invest in a 382 room, five star resort to be located in Kochichikade, Negombo, and has already invested Rs.268.06 million in the 14 acre free hold land.

According to the prospectus, the initial design concept for the hotel was carried out by WATG of Singapore, one of world’s leading design consultants for the hospitality, leisure and entertainment industries. The first stage of the architectural designs has already been completed and detailed designing in terms of M&A designs & landscape are currently in progress.

As per the prospectus, the total cost of the project is estimated at USD 50 million which is approximately Rs.5.6 billion at an exchange rate of Rs.112 per USD.

The company intends to finance a total of LKR 3 billion by utilizing proceeds from the Private Placement and funds raised through this issue.

“Out of the Rs.4.9 billion raised through the Private Placement, the Company will invest a sum of Rs.2.46 billion in the hotel project” the prospectus noted adding that Vallibel One Limited will invest by way of equity in Greener Water Ltd.