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Wealth Lanka to structure repayment programme
for Ceylinco Shriram managed firms
The Directors of Ceylinco Shriram Capital Management
Services Co. (Pvt.) Ltd, (Ceylinco Shriram) a member
of Ceylinco Consolidated, have sought the expertise
of Wealth Lanka Management (Pvt.) Ltd to evaluate the
assets and liabilities of Ceylinco Capital Investment
Company (Pvt.) Ltd and CLC Asset Management (Pvt.) Ltd,
two entities managed by Ceylinco Shriram and to formulate
a repayment program to meet its liabilities to creditors.
The parties have entered into an agreement in this regard.
Having sought the advice of a reputed legal firm, Messrs
Nithya Partners, an independent Administrator has been
appointed to infuse confidence to the creditors and
to protect the interests of the creditors until a formal
repayment plan is presented for the creditors’
approval. Former Financial Ombudsman Mr. Walter Ladduwahetty
has been appointed Administrator which appointment has
to be ratified at a Meeting of creditors to be called
shortly. Wealth Lanka is an independent
professional organisation providing expert and specialist
services in investment banking, enterprise restructuring,
risk management and project advisory services besides
treasury management and capital market advisory services.
The Company comprises a team of qualified banking and
finance professionals with significant expertise and
experience.
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