would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc.. 
Home
Is this due to Kalpitiya - Katunayaka Highway plan ?
http://www.lankabusinessonline.com/fullstory.php?nid=120911856
Raising Stake
31 Jan, 2012 07:28:04
Sri Lanka hotel parent buys 43-pct of stock sold in IPO
Jan 31, 2012 (LBO) - Sri Lanka's Citrus Leisure had spent 122 million rupees to buy into a subsidiary which was taken public to raise 284 million rupees, with the parent taking 43 percent of stock sold in an initial public offer, a stock exchange filing showed.
Kalpitiya Beach Resort, which sold stock in an IPO at 17.50 rupees and was oversubscribed with 278 investors applying for shares, started trading on the Colombo Stock Exchange on January 03. The stock opened at 24 rupees and later fell below its offer price.
The firm had also sold 145 million shares at 10 rupees in a private placement in February 2011, which was under a one year lock in period.
Citrus Leisure, the parent of Kalpitiya said in a stock exchange filing that, on January 24, it had started buying small amounts of stock initially at 11.50 rupees.
In a series of transactions the stock then moved up to the IPO price of 17.50 rupees where 6.795 million shares were bought back.
The CSE filing showed that the parent had spent 122 million to buy 43 percent of Kalpitiya Beach stock which was sold in an IPO to raise 283 million rupees for the subsidiary. On Monday Kalpitiya Beach closed at 13.20 rupees, down 10 cents.
With the end of a 30-year war tourist arrivals have started to go up and hotels have become a hot investment sector.
http://www.lankabusinessonline.com/fullstory.php?nid=120911856
Raising Stake
31 Jan, 2012 07:28:04
Sri Lanka hotel parent buys 43-pct of stock sold in IPO
Jan 31, 2012 (LBO) - Sri Lanka's Citrus Leisure had spent 122 million rupees to buy into a subsidiary which was taken public to raise 284 million rupees, with the parent taking 43 percent of stock sold in an initial public offer, a stock exchange filing showed.
Kalpitiya Beach Resort, which sold stock in an IPO at 17.50 rupees and was oversubscribed with 278 investors applying for shares, started trading on the Colombo Stock Exchange on January 03. The stock opened at 24 rupees and later fell below its offer price.
The firm had also sold 145 million shares at 10 rupees in a private placement in February 2011, which was under a one year lock in period.
Citrus Leisure, the parent of Kalpitiya said in a stock exchange filing that, on January 24, it had started buying small amounts of stock initially at 11.50 rupees.
In a series of transactions the stock then moved up to the IPO price of 17.50 rupees where 6.795 million shares were bought back.
The CSE filing showed that the parent had spent 122 million to buy 43 percent of Kalpitiya Beach stock which was sold in an IPO to raise 283 million rupees for the subsidiary. On Monday Kalpitiya Beach closed at 13.20 rupees, down 10 cents.
With the end of a 30-year war tourist arrivals have started to go up and hotels have become a hot investment sector.
