Selendiva to find investors
View(s):Selendiva Investments Ltd incorporated under the purview of the Ministry of Finance to hold some state-owned real estate is calling for Request for Proposals (RFP) to get a consultant who in turn will prepare a marketing RFP to find investors for them.
Officials told the Business Times that the marketing RFP is to invite investors to invest in a stake in the company.
They said a meeting in this regard was held on Tuesday and that it is important to find a specialised entity to do their marketing RFP. Treasury is also aiming to go public with state-owned hotels – Hilton Colombo, Grand Hyatt Colombo and Grand Oriental Hotel (GOH) in the Colombo Stock Exchange (CSE) by the end of the first half of 2021, vested in Selendiva, according to Treasury Secretary Sajith Attygalle. “It will hopefully be listed in the market before the end of the first half of 2021,” Dr. Attygalle recently told the annual Economic Summit organised by the Ceylon Chamber of Commerce. The company has three Treasury nominees Director General – Public Enterprises P.A.S.A. Kumara, Director – External Resources Visakha Amarasekere and Deputy Director – Public Enterprises R.A.L. Udayakumara on the Board and Waters Edge Chairman/CEO Rohan Fernandopulle.
The CSE is meanwhile looking at lifting the cap on non-voting shares so the government can list non-voting shares in the state-owned entities.
Last year the losses of state-owned entities came to Rs.150 billion, which was 80 per cent of the government’s expenditure on healthcare. (DEC)