Palm Gardens Hotels PLC is to offer a Rights Issue of 32,450,250 ordinary shares at Rs. 55.00 each in the proportion of 03 ordinary shares for every existing ordinary share as at the relevant date.
The current stated capital of Palm Gardens Hotels PLC is Rs. 651,327,020 represented by 10,816,750 ordinary shares.
The proceeds of the issue are to be utilized for the construction of a star class hotel and repay existing debts.
www.adaderana.lk
The current stated capital of Palm Gardens Hotels PLC is Rs. 651,327,020 represented by 10,816,750 ordinary shares.
The proceeds of the issue are to be utilized for the construction of a star class hotel and repay existing debts.
www.adaderana.lk
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