Serenity Lake Leisure to acquire Hunas Falls Hotels

Hunas Falls Hotels PLC in an announcement to the Colombo Stock Exchange on Friday said that Amaya Leisure PLC and Carbotels Private Limited which own Hunas Falls Hotels have entered into a share purchase agreement with Serenity Lake Leisure Private Limited, a Japanese company.

Serenity Lake Leisure will buy controlling shares of Hunas Falls Hotels PLC amounting to 66.2 per cent.

The owners will sell their entire holding which is 15.98 per cent and 50.22 per cent, respectively to Serenity Lake Leisure at Rs. 187 per share. After this transaction is completed Serenity Lake Leisure will make a mandatory offer to the remaining shareholders of Hunas Falls Hotels.