Sri Lanka’s Hikkaduwa Beach Resort to borrow Rs480mn from Sampath Bank

tourism

July 17, 2015 (LBO) – Sri Lanka’s Hikkaduwa Beach Resort is to borrow 480 million rupees from Sampath Bank after mortgaging its land and building, the company said.

The company will be calling for a shareholder meeting to seek necessary approval for the said borrowing and the mortgage of the property.

“The entirety of the land and building which is valued more than half the value of the assets is being mortgaged for the borrowing.” the company further said.