Asia Capital PLC entered into a Share Sale and Purchase Agreement to acquire a 22.13% stake in Wadduwa Resorts (Private) Limited from Japan Capital (Private) Limited. The transaction, valued at Rs. 75 million, is expected to conclude by September 2026.
This acquisition allows Asia Capital, alongside its subsidiary Asia Leisure Holdings, to reach 100% ownership of the property. The move consolidates the group's footprint in the domestic hospitality sector and follows a broader strategic realignment, which recently included settling a Rs. 790.75 million liability through the transfer of shares in River House Ltd.
The consolidation marks the end of a long-term partnership with Japan Capital, which initially invested roughly $1.8 million into the Wadduwa project over a decade ago
This acquisition allows Asia Capital, alongside its subsidiary Asia Leisure Holdings, to reach 100% ownership of the property. The move consolidates the group's footprint in the domestic hospitality sector and follows a broader strategic realignment, which recently included settling a Rs. 790.75 million liability through the transfer of shares in River House Ltd.
The consolidation marks the end of a long-term partnership with Japan Capital, which initially invested roughly $1.8 million into the Wadduwa project over a decade ago
