Touchwood owns over 2000 acres in Sri Lanka
All lands in Sri Lanka belonging to liquidated firm Touchwood Investments PLC have been identified by its court appointed liquidator who is currently searching for a company to maintain these.
Liquidator Sudath Kumar speaking with the Business Times on Tuesday said that they have already identified all lands belonging to Touchwood Investments PLC amounting to approximately 2000 acres and were working on finding a maintenance firm for these lands.
Lands were identified in Badulla, Matale, Kandy, Ratnapura and Kalutara according to the available information before the liquidator and these would be maintained aimed at giving back to the depositors the produce. Mr. Kumar explained that they had advertised for maintenance rights on these 2000 acre lands for which proposals were called for ending July 31. However, it was pointed out that they were yet to receive any proposals from any parties since most found this to be a complicated matter and required time to study the documents prior to making any commitments.
In this respect, at the next hearing of the Touchwood Investments PLC case the liquidator noted he would request court for an extension of the date since he was unable to find a maintenance firm as yet.