Shareholders approve Eden Hotel Lanka rights issue

eden-hotel

Apr 06, 2016 (LBO) – Shareholders of Eden Hotel Lanka today approved a resolution on a rights issue of the company which aimed at repaying part of its outstanding debts.

The leisure sector player Eden Hotel Lanka said the company is to issue 52.8 million new ordinary shares at 20 rupees each in the ratio of one for every one existing share as at end of trading today.

The company who has interests in hotels and travels business said the Extraordinary General Meeting held this morning also approved to change the articles regarding the methods used to give notices to the shareholders.