Overseas Realty was founded in 1980 and was quoted on the Colombo Stock Exchange in 1982. Shing Kwan Group, a Singaporean investment company led by Shing Pee Tao acquired the company in 1991.[3] The groundbreaking of the World Trade Center Colombo took place in 1992. The twin towers were declared open on 12 October 1997 by President Chandrika Bandaranaike Kumaratunga and Shing Pee Tao.[4] Three days later, a bombing attack by the LTTE left 17 people (including 12 perpetrators) killed and about 100 people wounded.[5] The twin towers were restored and recommissioned in June 1998.[4]
The groundbreaking for Havelock City commenced on 18 May 2004.[3] It is the largest mixed use development project undertaken in Sri Lanka.[6] The fourth and final phase of Havelock City development was completed in August 2021.[7] Mireka Tower, a 50-storey commercial tower on the site of Havelock City, was topped out in August 2020.[8] Chairman of the company, Shing Pee Tao died on 24 September 2021.[9]Ajit Jayaratne was appointed as the new chairman of the company on 27th October 2021.[10] The former Deputy Chairman, Hussein Cassim died on 20 September 2020. He served on the board of directors from 1991 until his demise.[11]
Operationsedit
Shing Kwan Group holds 61% of the company's stocks.[12] The company recorded a LKR1.97 billion revenue for the third quarter of 2021. LKR1.3 billion in revenue was generated by the sales of apartments.[13] Overseas Realty (Ceylon) was one of the constituents of the S&P Sri Lanka 20 Index until 2020 yearend index rebalance.[14]
^"Sri Lanka's leading listed entities brave the myriad challenges posed by domestic tragedies and a global pandemic to make headway yet again". LMD. 21 March 2021. Retrieved 7 November 2021.
^ abDavid, Marianne (14 October 2016). "Hussein Cassim's legendary journey". Daily FT. Retrieved 7 November 2021.
^ ab"World Trade Centre turns 15". Daily FT. 22 October 2012. Retrieved 7 November 2021.
^Jayasuriya, Sanjeevi (1 January 2017). "Havelock City: Commercial development project launched". Sunday Observer. Retrieved 7 November 2021.
^"Havelock City, fourth and final phase ready for handover". Sunday Observer. 8 August 2021. Retrieved 7 November 2021.
^"Havelock City marks topping out of 50 storey Mireka Tower". Daily News. 5 August 2020. Retrieved 7 November 2021.
^"WTC Founder Chairman passes away". Daily News. 6 September 2021. Retrieved 7 November 2021.
^"Overseas Realty appoints Ajit Jayaratne as Chairman". Daily News. 29 October 2021. Retrieved 7 November 2021.
^"Senior business leader Hussein Cassim passes away". Daily FT. 21 September 2020. Retrieved 7 November 2021.
^"Overseas Realty revenue drops in 2020". themorning.lk. 2 April 2021. Retrieved 7 November 2021.
^"Overseas Realty records robust 3Q on apartment sales". dailymirror.lk. 4 November 2021. Retrieved 7 November 2021.
^"CSE announces constituent changes to the S&P Sri Lanka 20 Index". colombopage.com. 22 December 2020. Retrieved 7 November 2021.
External linksedit
Official website
December 15, 2023
overseas, realty, ceylon, largest, listed, real, estate, company, lanka, company, developer, proprietor, world, trade, center, colombo, havelock, city, company, incorporated, 1980, listed, colombo, stock, exchange, 1982, company, ranked, amongst, moving, posit. Overseas Realty Ceylon PLC is the largest listed real estate company in Sri Lanka The company is the developer and the proprietor of World Trade Center Colombo and Havelock City The company was incorporated in 1980 and was listed on the Colombo Stock Exchange in 1982 The company is ranked amongst the LMD 100 moving 17 positions up to number 76 for the fiscal year 2019 20 2 Overseas Realty Ceylon PLCLogo of Overseas RealtyHavelock City is the largest mixed use development project undertaken in Sri LankaTypePublicTraded asCSE OSEA N0000ISINLK0133N00005IndustryReal estateFoundedOctober 28 1980 43 years ago 1980 10 28 FounderShing Pee TaoHeadquartersColombo Sri LankaKey peopleAjit Jayaratne Chairman Pravir Samarasinghe Group CEO RevenueLKR15 046 billion 2022 Operating incomeLKR6 210 billion 2022 Net incomeLKR6 079 billion 2022 Total assetsLKR78 392 billion 2022 Total equityLKR51 790 billion 2022 OwnersShing Kwan Investment Company Limited 38 43 Unity Builders Limited 18 66 Shing Kwan Pte Ltd 12 77 Websitewww wbr orcl wbr lkFootnotes references 1 Contents 1 History 2 Operations 3 See also 4 References 5 External linksHistory editOverseas Realty was founded in 1980 and was quoted on the Colombo Stock Exchange in 1982 Shing Kwan Group a Singaporean investment company led by Shing Pee Tao acquired the company in 1991 3 The groundbreaking of the World Trade Center Colombo took place in 1992 The twin towers were declared open on 12 October 1997 by President Chandrika Bandaranaike Kumaratunga and Shing Pee Tao 4 Three days later a bombing attack by the LTTE left 17 people including 12 perpetrators killed and about 100 people wounded 5 The twin towers were restored and recommissioned in June 1998 4 The groundbreaking for Havelock City commenced on 18 May 2004 3 It is the largest mixed use development project undertaken in Sri Lanka 6 The fourth and final phase of Havelock City development was completed in August 2021 7 Mireka Tower a 50 storey commercial tower on the site of Havelock City was topped out in August 2020 8 Chairman of the company Shing Pee Tao died on 24 September 2021 9 Ajit Jayaratne was appointed as the new chairman of the company on 27th October 2021 10 The former Deputy Chairman Hussein Cassim died on 20 September 2020 He served on the board of directors from 1991 until his demise 11 Operations editShing Kwan Group holds 61 of the company s stocks 12 The company recorded a LKR1 97 billion revenue for the third quarter of 2021 LKR1 3 billion in revenue was generated by the sales of apartments 13 Overseas Realty Ceylon was one of the constituents of the S amp P Sri Lanka 20 Index until 2020 yearend index rebalance 14 See also editList of companies listed on the Colombo Stock Exchange List of Sri Lankan public corporations by market capitalisationReferences edit Annual Report 2022 PDF cse lk Overseas Realty Ceylon PLC Retrieved 29 March 2023 Sri Lanka s leading listed entities brave the myriad challenges posed by domestic tragedies and a global pandemic to make headway yet again LMD 21 March 2021 Retrieved 7 November 2021 a b David Marianne 14 October 2016 Hussein Cassim s legendary journey Daily FT Retrieved 7 November 2021 a b World Trade Centre turns 15 Daily FT 22 October 2012 Retrieved 7 November 2021 17 Die 100 Wounded by Huge Bomb and Gunfire in Sri Lanka The New York Times Agence France Presse 15 October 1997 Retrieved 7 November 2021 Jayasuriya Sanjeevi 1 January 2017 Havelock City Commercial development project launched Sunday Observer Retrieved 7 November 2021 Havelock City fourth and final phase ready for handover Sunday Observer 8 August 2021 Retrieved 7 November 2021 Havelock City marks topping out of 50 storey Mireka Tower Daily News 5 August 2020 Retrieved 7 November 2021 WTC Founder Chairman passes away Daily News 6 September 2021 Retrieved 7 November 2021 Overseas Realty appoints Ajit Jayaratne as Chairman Daily News 29 October 2021 Retrieved 7 November 2021 Senior business leader Hussein Cassim passes away Daily FT 21 September 2020 Retrieved 7 November 2021 Overseas Realty revenue drops in 2020 themorning lk 2 April 2021 Retrieved 7 November 2021 Overseas Realty records robust 3Q on apartment sales dailymirror lk 4 November 2021 Retrieved 7 November 2021 CSE announces constituent changes to the S amp P Sri Lanka 20 Index colombopage com 22 December 2020 Retrieved 7 November 2021 External links editOfficial website Retrieved from https en wikipedia org w index php title Overseas Realty amp oldid 1183547524, wikipedia, wiki, book, books, library,
