Government acquired Colombo Hilton cancels two crucial meetings

Nov 15, Colombo: The owners and operators of the Colombo Hilton Hotel, and a listed firm of the Colombo Stock Exchange Sri Lanka’s Hotel Developers ( Lanka ) PLC has cancelled scheduled Annual General Meeting and the Extraordinary General Meeting.

These meetings were due to be held on the 21st of November.

The Company, which announced the takeover by the government to the shareholders yesterday, said the circumstances that have arisen following the enactment of the Revival of Underperforming and Underutilized Assets Act, led to the cancellation of the meetings.

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