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'447 Luna Tower' Announces Change of Project Partner - Adaderana Biz English


‘447 Luna Tower’ Announces Change of Project Partner
January, 29, 2021
Belluna Co. Ltd Japan announces that with effect from 13
th January 2021 Asia Capital PLC will not act as the local coordinating partner in the 447 Luna Tower project at Union Place, Colombo 02. Asia Capital PLC was the local partner facilitating the project on behalf of Belluna Co. Ltd Japan.
447 Luna Tower is solely funded and fully owned by Belluna Lanka, the local subsidiary of Belluna Co. Japan. The project is one of the few equity funded real estate developments in the country which is not dependent on pre-sales or project financing.
Commenting on the progress of the project, Hiroshi Yasuno, Director, Union Place Apartments (Pvt.) Ltd said “447 Luna Tower is a fully equity funded project of Belluna Co. Japan. Construction on the tower was continuing as scheduled and was in its finishing stages when it was affected by the COVID-19 pandemic and the curfew imposed in Sri Lanka and ....

United States , Sri Lanka , Sri Lankan , Hiroshi Yasuno , Belluna Lanka , Union Place , Belluna Co , Union Place Apartments Pvt Ltd , Asia Capital , Tokyo Stock Exchange , Ltd Japan , Union Place Apartments , Marine Drive , ஒன்றுபட்டது மாநிலங்களில் , ஸ்ரீ லங்கா , ஸ்ரீ லங்கன் , தொழிற்சங்கம் இடம் , தொழிற்சங்கம் இடம் குடியிருப்புகள் பிரைவேட் லிமிடெட் , ஆசியா மூலதனம் , டோக்கியோ ஸ்டாக் பரிமாற்றம் , லிமிடெட் ஜப்பான் , தொழிற்சங்கம் இடம் குடியிருப்புகள் , கடல் இயக்கி ,

StashAway announces Assets under Management of US$1billion


StashAway announces Assets under Management of US$1billion
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SINGAPORE, Jan. 24, 2021 /PRNewswire/ StashAway, Southeast Asia s largest and fastest-growing digital wealth manager for both retail and accredited investors, has announced that they re managing more than US$1billion (SG$ 1.35billion).
Since StashAway first launched its services in 2017, numerous wealth managers in Southeast Asia and MENA have emerged. StashAway is the first digital wealth manager in any of those  regions to announce that it manages more than $1 billion USD. StashAway has surpassed  US$1B in assets under management in 42 months, faster than it took the world s largest digital wealth  managers, Betterment and Wealthfront to reach the same milestone. ....

United Arab Emirates , United States , Michele Ferrario , Aaron Razario , Stashaway Simple , Francis Rozario , Prnewswire Stashaway , Hubert Burda , Dubai Financial Services Authority , Technology Pioneer , World Economic Forum , Southeast Asia , Income Portfolio , Eight Roads Ventures , Square Peg , Asia Capital , Burda Principal Investments , Middle East , North Africa , Dubai Financial Services , ஒன்றுபட்டது அரபு அமீரகங்கள் , ஒன்றுபட்டது மாநிலங்களில் , மைக்கேல் ஃபெராரியோ , பிரான்சிஸ் ரொசாரியோ , ஹூபர்ட் புர்தா , துபாய் நிதி சேவைகள் அதிகாரம் ,

LOLC Group restructuring viewed as a global strategy to attract investors


By Hiran H.Senewiratne 
Stock market analysts said yesterday that LOLC would set up a new company to dilute its share percentage  90 percent or below in order to comply with the Colombo Stock Exchange (CSE) listing rules.
According to them, the new company would be named as LOLC Ceylon Holdings Limited and would go for an Initial Public Offering (IPO) once it is formed,
The stakes in three companies under LOLC Holdings would be transferred to the new entity. The move is expected to attract  large- scale foreign investors to support LOLC companies to grow even further.
Namely these companies would be, LOLC Finance  Commercial Leasing and Lanka LOLC Development Finance would be under the new entity. It is said that  44.8 percent stakes belonging to  LOLC Finance, 98.9 percent belonging to Commercial Leasings and 55.6 percent of Lanka LOLC Development Finance would be transferred to the new company. ....

Sri Lanka , Vijayeswarans Vijayaratnam , Hiranh Senewiratne , Renuka Holdings , Asia Capital , Ceylon Holdings , Colombo Stock Exchange , Holdings Limited , Initial Public Offering , Commercial Leasing , Commercial Leasings , All Share Price Index , Dipped Products , Royal Ceramic , ஸ்ரீ லங்கா , ரேணுகா ஹோல்டிங்ஸ் , ஆசியா மூலதனம் , சிஇஒய்எல்ஓஎன் ஹோல்டிங்ஸ் , கொழும்பு ஸ்டாக் பரிமாற்றம் , ஹோல்டிங்ஸ் வரையறுக்கப்பட்டவை , ஆரம்ப பொது பிரசாதம் , வணிகரீதியானது குத்தகை , அனைத்தும் பகிர் ப்ரைஸ் குறியீட்டு , நனைந்தது ப்ராடக்ட்ஸ் , அரச சிஇஆர்ஏஎம்ஐசி ,