Aitken Spence acquires Golden Sun

For Rs 350 million:

Aitken Spence Hotel Holdings PLC acquired 100 percent shares of Golden Sun Resorts Pvt Ltd for a consideration of Rs 350 million.

The company announced this to the Colombo Stock Exchange. Meanwhile analysts said last week that the hotel and leisure sector stocks are trading heavily at the Colombo bourse.

This is with the rapid increase in tourist arrivals and the growth in the tourism sector.

Aitken Spence Hotel Holdings has a chain of luxury hotels and resorts in Sri Lanka, Maldives, India and Oman.