Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum 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..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» BFN slowly slowly unloading
by Uaecoindubai Today at 2:49 pm

» Asanga senavirathana- king of right issue
by Uaecoindubai Today at 1:42 pm

» Losses to continue at Aitken Spence Hotels
by Uaecoindubai Today at 1:37 pm

» Hayleys to report heavy losses
by Uaecoindubai Today at 11:35 am

» Singer to report heavy losses
by God Father Today at 10:34 am

» Sri Lanka to reopen hotels without guests
by Sstar Today at 10:27 am

» 8 Finance companaies to be closed very soon
by glad Today at 10:09 am

» GOLDEN ERA
by soileconomy Today at 7:18 am

» HOTEL INDUSTRY
by soileconomy Today at 5:44 am

» Please DON'T SELL IN PANIC, BUY, ONLY A SMALL INCIDENT, IT'S COMPLETELY OVER!!!!!
by hammurabi Today at 12:02 am

» Buy When There's Blood in the Streets
by hammurabi Yesterday at 8:48 pm

» ASPI should down To 4950
by Uaecoindubai Yesterday at 7:01 pm

» Market will test 4700
by Uaecoindubai Yesterday at 6:10 pm

» SME M&A opportunity
by Ram13 Yesterday at 3:49 pm

» BFN බොරු සෙලින් දාලා කොහොම හරි 11 වගේ ගානට 500000 එකතු කරගන්න කියලා අර 14 ට ලක්ශයක් සෙලින් දැම්මේ මේ ටේලර් මහත්තයාම තමයි
by sanjulanka Yesterday at 12:48 pm

» Central bank Issue
by Uaecoindubai Yesterday at 12:41 pm

» Why AAIC Should trade above RS.50/-
by wisdom79 Yesterday at 11:01 am

» Look PAP Amazing company
by dmtmadusanka Mon Apr 22, 2019 4:15 pm

» Commencement of Trading at CSE
by Uaecoindubai Mon Apr 22, 2019 3:58 pm

» Good news from JKH : Will this be the market mover ?
by gjooos Mon Apr 22, 2019 1:06 pm

» whats the purpose of Bomb blasts?
by sanjulanka Mon Apr 22, 2019 9:11 am

» Best Free forex signals provider
by Uaecoindubai Sun Apr 21, 2019 3:24 pm

» Chairmam of Sanasa arrested over suspicion of misappropriation of funds
by hammurabi Sun Apr 21, 2019 9:36 am

» Sri Lanka Kattadiyalage Wegapitiya tries to manipulate Household Gas prices in Gas market, Wegapitiya lead LAUGFS Gas in a secret Deal to Bankrupt Government's Litro Gas by affecting 1.3 Million Households and 5 million people in the country
by Uaecoindubai Sat Apr 20, 2019 2:55 pm

» Economic Health of Sri Lanka
by Uaecoindubai Sat Apr 20, 2019 2:30 pm

» What is going on with TFC.N0000
by Uaecoindubai Sat Apr 20, 2019 2:30 pm

» REEF possible run.
by hammurabi Sat Apr 20, 2019 6:50 am

» EAST INTERESTING DAYS AHEAD 25+
by glad Fri Apr 19, 2019 10:40 am

» Weekly Stock Market Roundup
by Insights Equity Fri Apr 19, 2019 8:35 am

» Would CIC make an upward move in the coming weeks?
by hammurabi Fri Apr 19, 2019 12:39 am

» Daily Stock Market Update
by Insights Equity Thu Apr 18, 2019 6:17 pm

» Sri Lanka Hilton Hotels Must Investigate or Oust Unfit and Improper - Kashmi App Bankrupted Sanjiv Alles who hides about his Career in Kashmi for Colombo Hilton Hotel Director Profile
by AmalHoole Thu Apr 18, 2019 12:47 pm

» Why ALHP is having a huge demand despite consecutive losses?
by wisdom79 Thu Apr 18, 2019 11:03 am

» TIME TO LOOK AEL
by sanjulanka Wed Apr 17, 2019 6:42 pm

» HEXP next run up to 120-130
by nishjaya Wed Apr 17, 2019 12:21 pm

» Cabinet nod for Colombo Stock Exchange to be converted to a company limited by shares
by glad Wed Apr 17, 2019 9:30 am

» Lanka Bell to be acquired by Mobitel - Sources
by soileconomy Wed Apr 17, 2019 7:07 am

» Sri Lanka Watapota (WAPO) Guardian Capital lose Rs. 10 Mn of Funds because of Kashmi App Closed down, Kashmi Co-Founder Bankrupt Sanjiv Alles now landed on Hilton Colombo Director Board owned by Yahapalana Government
by AmalHoole Tue Apr 16, 2019 3:17 pm

» සුභ අලුත් අවුරුද්දක් වේවා.
by sanjulanka Mon Apr 15, 2019 12:38 pm

» I bought PCHH.N and SING.N sometimes back?
by hammurabi Mon Apr 15, 2019 12:14 pm

» Highest temperature hike after 128 years in sri lanka
by nimantha80 Sun Apr 14, 2019 4:47 pm

» DEBTS FREE AAIC MUST MOVE UP,3.36BN FROFIT, MARCH Q 1.00BN
by wisdom79 Sun Apr 14, 2019 8:15 am

» VONE , is it time to sell or holds
by Uaecoindubai Sat Apr 13, 2019 1:27 pm

» HVA WILL THEY RECTIFY THE REGULATORS QUARIES BEFORE DEAD LINE?
by nimantha80 Fri Apr 12, 2019 3:12 pm

» NDB Leasing Centers open at Gampaha, Negombo
by Uaecoindubai Thu Apr 11, 2019 8:17 pm

» I met Karuna Today.
by Uaecoindubai Thu Apr 11, 2019 8:15 pm

» Look APLA its trending to 98LKR
by Uaecoindubai Thu Apr 11, 2019 8:13 pm

» ROYAL CERAMIC (RCL)
by Yahapalanaya Thu Apr 11, 2019 8:11 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka's Anilana Hotels says to get more cash from Singapore’s SOMAP

Sri Lanka's Anilana Hotels says to get more cash from Singapore’s SOMAP

Go down  Message [Page 1 of 1]

charithaa


Senior Equity Analytic
Senior Equity Analytic
ECONOMYNEXT – Singapore’s SOMAP International Pte Ltd. is to pump in funds to revive Sri Lanka’s loss-making Anilana Hotels & Properties, which was transferred to the stock exchange’s watch list after auditors gave a qualified opinion on its accounts.

Anilana Hotels said in a stock exchange filing its controlling shareholder Somap has given a written undertaking to support it financially and will infuse more capital to turn it around within three months.

The company is also repaying outstanding loans to reduce interest costs and operational costs, the statement said.

Anilana Hotels & Properties was transferred to the Colombo stock exchange’s watch list on December 14 after auditors Amarasekera & Company gave a qualified opinion on its annual report for 2017-18.

The stock last traded at 1.10 rupees. 

Anilana Hotels & Properties also said it was in the process of appointing two independent directors to comply with the stock exchange listing rules.

The company and group have run up accumulated losses of 2.78 billion rupees and 2.28 billion rupees, with current liabilities exceeding total assets by 890 million rupees and one billion rupees, the auditors said.

They said there was uncertainty over the company’s and group’s ability to continue as a going concern. 

Anilana Hotels & Properties said the losses were mainly due to finance costs incurred by the group arising from related party borrowings and company borrowings together with the impairment of assets.

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum