SPEN may have stopped the port project. They were supposed put 30% costs. Someday 30% profits. I don't know how much loans they have already taken, how much they have already spent on the project. This was supposed to lessen the high PE ratio of one of the fundamentals stocks in may be after many years from now when costs are taken out.
Respected blue chip Aitken Spence pulls out of biggest FDI project – the $ 500 m Colombo South Container Terminal due to issues with funding and cost escalations
Construction cost up 30% to $ 350 m; overall project cost now estimated at $ 595 m up from $ 475 m at bid proposal stage
Lender China Development Bank insists international venue for arbitration; excess cost to be funded via equity
http://www.ft.lk/2012/01/11/colombo-under-crosscurrents/