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JKH goes for highest ever Rights Issue worth Rs. 24 b
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National Women’s Team Felicitated for Winning the Asia Cup
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Rossouw century leads to rousing win Colombo Strikers v Jaffna Kings Highlights Match 13 #LPL5
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Sanath Jayasuriya Appointed Interim Head Coach of Sri Lanka Cricket Team Until September 2024
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Morgan Stanley bets on Colombo’s City of Dreams
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Strikers strike routing Jaffna Colombo Strikers v Jaffna Kings Highlights Match 17 #LPL5
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Sri Lanka stutter again as India win by 7 wickets and series with one to go
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In conjunction with the Rights Issue, JKH’s Board of Directors has also proposed a Sub-division of shares. Post-Rights Issue, each existing Ordinary Share will be sub-divided into ten new shares, increasing the total number of shares from 1,652,899,552 to 16,528,995,520, assuming full subscription to the Rights Issue. The ‘Cinnamon Life’ hotel, along with its restaurants and banquet facilities, is slated to open in October 2024. The gaming operations and retail mall will commence in phases, with overall completion expected by mid-2025. The Board of Directors of JKH resolved to recommend to shareholders the issuance of 150,263,595 new Ordinary Shares. These shares will be offered on a 1-for-10 basis at a price of Rs.160 per share, potentially raising Rs.24,042,175,200.
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