Cabinet Minister’s daughter bids Rs. 900 mn for GK Children’s Hospital
The daughter of a Cabinet Minister had submitted a bid for 900 million rupees to acquire the Children’s and Women’s Hospital at Kirimandala Mawatha, Colombo 5 – a key asset of the collapsed Golden Key (GK) company.
Bids for this five-storied complex on 616 perches of prime property in Colombo closed on January 23, 2012.
The Minister’s daughter was amongst three bidders for this valuable asset.She has offered 500 million rupees in cash and the balance 400 million rupees in shares to be transferred to the GK depositors dedicated fund after going in for a listing, officials said.
Public listings and transferring shares are a time-consuming and complicated process, they said. “The bid is expected to be awarded to a company which has offered 900 million in cash”.
This medical facility, which was nearing completing when GK folded up, is being sold to raise liquid cash to repay depositors.
The Minister concerned was amongst some key UNP members who defected to the government. (SP)
Courtesy: The Island
Better to be a minster now a days just to nourish the body not the soul……
So, how to nourish the soul, Damian…?
No wonder the fuel prices are going up etc. Ex president CBK said doing politics is lucrative and its being said that the country lost Rs 890 billion over 5 yrs due to corruption. So, these are the results!!!!!
The best money making idea is getting into politics. It is dirty but easier than burglary.
Can you find an honest burglar and a poor Minister?
so now what do u say all thease are happening in MR’s Government so dont be sitll foolsh be Vigilantlets change the government
I see no problem with this issue. The “Cabinet Minister’s Daughter” has raised SLRs 500m venture capital to bid for GK’s hospital She further hopes to raise another SLRs 400m via the bourse to complete the transaction.
Well, her entreprenuerial talent and perseverence and acumen are appreciated. If you can’t do it, please don’t shout down others who can
It seems that Damian went speechless with 1 question….