Brief: Sim Leisure Group Updates On Agreement With Elpitiya And Venture Valley (Pvt) Ltd
17/04/2020 10:07
April 17 (Reuters) - Sim Leisure Group Ltd SIMI.SI :
* ON 13 APRIL, CO ENTERED INTO A DEFINITIVE SHAREHOLDER
AGREEMENT
WITH ELPITIYA AND VENTURE VALLEY (PVT) LTD
* DEAL FOR SHARE CAPITAL AND OPERATIONS OF VENTURE VALLEY AS
A
STRATEGIC JV CO BETWEEN CO AND ELPITIYA WITH ESCAPE SRI LANKA
* ESTIMATED AGGREGATE PROJECT COST FOR ESCAPE SRI LANKA IS
ABOUT
US$4.0 MILLION
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