ECONOMYNEXT – Sri Lanka’s Ceylon Hotels Corporation said it had sold a stake in a Maldives hotels company to a Hong Kong based company for 4,493,663 US dollars.
A 50 percent stake in Handuvaru Ocean Holidays (Pvt) Ltd, was sold to China Travel International Investment Hong Kong Limited.
The stake was held by Ceylon Hotels Maldives (Pvt) Ltd, a fully owned subsidiary of United Hotels Company Ltd.
Ceylon Hotels owns a 67.51 percent stake in United Hotels Company. (Colombo/Sept09/2022)
