Business

JKH takes over Asian Hotels board of directors

John Keells Holdings Limited (JKH) has appointed 5 of its main board directors to Asian Hotels Corporation Limited (AHC), owners of the Colombo Plaza Hotel and Crescat, with effect from October 2, the Colombo Stock Exchange (CSE) has been informed.

JKH Chairman Vivendra Lintotawela will be AHC’s new Chairman while Mr. Susantha Ratnayake will be its Managing Director.

The other three JKH directors on the AHC board are Messrs. Ajit Gunawardena, Sumithra Gunasekera and Ronnie Peiris.

Four AHC directors including its main shareholder, Mr. Azmi Wan Hamzah who was its previous chairman, have resigned also with effect from Oct. 2. The other outgoing directors are Mr. David Crichton Watt, Mr. L. S. Dhanji and Mr. Viran Perera.

CSE has been informed that AHC will not be recommending a first and final dividend for the year ended March 31, 2003 and the company’s annual general meeting under the new ownership will be held on December 9, 2003.


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