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ALJAZAM News September 4, 2014

Along the border. And a new helmet to protect the heads of pro football players. We begin tonight with a stark warning from an old enemy. A new video appeared from al qaeda, number 2 said its expanding with the hope of spreading islamic rule there. The 55minute statement does not show the rise of the Islamic State in the middle east but the two groups are in competition for new recruits. Vchvice President Biden addressd the group today, Mike Viqueria joins us to cover that story mike. Another gruesome murder depicting an american acted against steven joel sotloff, in the wake of that horrific video president obama is talk about being tougher about going against the group but hes being occasions about the are details. Traveling in estonia yesterday, president obama vowed to take the fight to the
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SECP decides to amend VPS rules - Business Recorder

ISLAMABAD: The Securities and Exchange Commission of Pakistan (SECP) has decided to amend the Voluntary Pension. ....

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Sri Lanka : Hemas divests its shareholding in Serendib Hotels

Sat, Dec 19, 2020, 09:53 am SL Time, ColomboPage News Desk, Sri Lanka.
Dec 19, Colombo: In line with Hemas’ portfolio strategy of focusing on its core sectors – Consumer, Healthcare and Mobility, Hemas Holdings PLC (HHL) divested its’ shareholding in Serendib Hotel PLC to Eden Hotel Lanka PLC, a subsidiary of LOLC Holdings PLC for a total consideration of LKR 791.7 million.
Serendib Hotels PLC is the majority shareholder of Dolphin Hotels PLC, Hotel Sigiriya PLC, Serendib Leisure Management Ltd, Frontier Capital Lanka (Pvt) Ltd and Sanctuary Resorts Lanka (Pvt) Ltd. HHL will continue to hold a few leisure sector assets, which includes its investment in Anantara Peacehaven Tangalle Resort. ....

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Daily Mirror - LOLC Group acquires Serendib Hotels from Hemas for Rs.792mn

LOLC says acquisition is aimed at capturing post-COVID growth in tourism business
Hemas says divestment is part of group’s portfolio direction and focuses on uplifting return on equity from core segments
LOLC Holdings PLC’s strategic investment arm, Browns Investments PLC (BI), yesterday acquired the controlling stake of 55.65 percent of Serendib Hotel PLC, a subsidiary of Hemas Group, for a consideration of Rs.792 million.
With this acquisition, BI will hold 56.67 percent of voting shares and 53.48 percent of non-voting shares of Serendib.
Ishara Nanayakkara
BI’s subsidiary leisure company, Eden Hotel Lanka PLC, made the investment.
The voting shares, which amounted to 42.8 million, were bought at Rs.14.20 per share, for a consideration of Rs.608 million, while the non-voting shares, amounting to 19.2 million, were bought at Rs.9.60 a share. ....

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Hemas focuses on driving growth in core sectors

But will continue to hold a few Leisure assets
Plans to expand and invest aggressively in key sectors
Hemas Holdings Group CEO Kasturi Chellaraja Wilson
In line with Hemas’ portfolio strategy of focusing on its core sectors of Consumer, Healthcare and Mobility, Hemas Holdings PLC (HHL) yesterday said it had divested its shareholding in Serendib Hotel
PLC to Eden Hotel Lanka PLC, a subsidiary of LOLC Holdings PLC, for a total consideration of Rs. 791.7 million.Serendib Hotels PLC is the majority shareholder of Dolphin Hotels PLC, Hotel Sigiriya PLC, Serendib Leisure Management Ltd., Frontier Capital Lanka Ltd. and Sanctuary Resorts Lanka Ltd. ....

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