The Rajapaksas are going to buy Holcim Lanka Ltd. through a henchman of theirs in order to launder their black money, yukthiya.lk alleges.
Diesel & Motor Engineering PLC (DIMO), a leading automobile company in Sri Lanka, together with the engineering students from the Mechanical Engineering Department of University of Moratuwa unveiled the D-Mora P1, the race car built by the university students to participate in the world’s biggest student motorsport competition “Formula Student 2016”.
Holcim Lanka Ltd a subsidiary fully owned by LafargeHolcim is to be divested as a part of there divestment plan to collect 3.7 billion CHF by the end of 2016. The sale process is to be in its final stages with binding bids being sent by several companies. Final negotiations are to be concluded shortly. It is being reported that a Chinese company has bid high for the Sri Lankan cement company.
Singer Sri Lanka, the country’s leading consumer durable retailer, donated three CRRT (Continuous Renal Replacement Therapy) machines worth over Rs. 7.5 million under the Singer “Thirst for Life” health and wellness sustainability project to help those affected by CKD (Chronic Kidney Disease).
The possible takeover of Holcim Lanka Ltd by China Resources Cement Holdings Ltd, a subsidiary of the China Resources Group which in turn is a state-owned Chinese enterprise fits in well with China's long term expansionary and strategic goals in the region.