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John Keells Holdings PLC (JKH) has revealed a pivotal corporate strategy that includes a Rights Issue of Ordinary Shares, followed by a Share Sub-division. This initiative is aimed at boosting the company’s financial stability and ensuring the successful execution of its ongoing and future projects. Taking into account the fact that the defendants pleaded guilty at the first instance and had no prior preparation for the robbery, the Court decided to give the accused a rehabilitative punishment.

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The proceeds from the Rights Issue are earmarked for the funding requirements of Waterfront Properties (Private) Limited (WPL), a subsidiary of JKH. WPL is the developer behind the ‘City of Dreams Sri Lanka’ integrated resort project, formerly known as ‘Cinnamon Life Integrated Resort’. The funds will address the higher-than-anticipated equity funding needs due to delays in the project’s cash flow generation, including postponed gaming operations. You can just search for “free slots” into your search bar to receive a plethora of hits.

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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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Sri Lanka Cricket felicitated the victorious national women’s team at a special ceremony held last evening in Colombo. Honorable Minister of Sports and Youth Affairs Harin Fernando took part in the ceremony as the Chief Guest at the invitation of President of… 30th July 2024 Media Release The Sri Lanka Cricket Selection Committee selected the below-given 16-member squad to play in the ODI series of the ongoing India Tour of Sri Lanka 2024. The Honorable Minister of Sports and Youth Affairs, Harin Fernando, approved the… By Srian Obeyesekere New look India outplayed Sri Lanka to a comprehensive 3-0 T20 Series success with the hosts batting vulnerability once again exposed by crashing from a winning 110 for 2 high to being bowled out for 137 in a tied contest that was won by the…