Posted on 06.05.2021 by Chandana Sirimalwatte in Local News with 0 Comments
Selendiva Company is established with 51% of Shares for the government and 49% for the private sector and the objective is declared to reinforce public sector.
M M B S Yalegama, Additional Secretary to the Ministry of Development and Housing, said at a media briefing at the Government Information Department on the 3 June that Selendiva company has opened its 51% of the shares to the government and 49% to the private sector.
He said that the company was set up to strengthen the loss-making state enterprises and generate revenue for the country. He has also said that the Auditor General will audit it. There is no truth in rumours that the company plans to sell some lands and ancient buildings in Colombo to foreign companies. Only the government will take steps to develop them, he said. Mr Yalegama further said that under the President’s ‘Prosperity Vision Policy, a national business authority will be established to transform state-owned enterprises into profitable enterprises using prudent risk management strategies. Selendiva operates under three investment portfolios, namely Colombo Fort Investment cluster, Real estate investment cluster and government hosted investment cluster.