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The Golden Key Credit Card Company (GKCCC) was a leading Sri Lankan financial institution specializing in credit card services, and a subsidiary of the Ceylinco Consolidated. [2] Founded on June 3, 1977, it was a wholly-owned subsidiary of the Ceylinco Group, an extensive conglomerate with more than 300 subsidiaries.
Ceylinco Consolidated is liable to repay nearly USD 200million for disgruntled [3] depositors [4] of failed Golden Key Credit Card Company, [5] F&G (Finance and Guarantee) PLC, Ceylinco Shiram PLC [6] The scandal, which erupted like a tsunami when the Ceylinco Golden Key Credit Card Company failed to honour its payments to depositors, soon spread to other institutions. it is estimated as at ...
Deshmanya Jeewaka Lalith Bhupendra Kotelawala (29 October 1938 – 21 October 2023) was a Sri Lankan businessman, who was the chairman of Ceylinco Consolidated and also was the founding chairman of Seylan Bank. [1] He was listed in the 2007 Sri Lanka Richest List. [2]
Seylan Bank made a reputation once again as one of the leading banks in Sri Lanka after reaching a solution regarding the scam by the Golden Key Company and still continuing their services to people. [7] In May 2010, the bank's profits were up 32.3% when compared to the previous year. [8]
Ceylon Hotels signed an agreement with Cinnovation-CG Corp's Zinc Hospitality Lanka to set up a joint venture, Ceylon Holidays Holdings in 2014. Ceylon Holidays Holdings was a fully owned subsidiary of Ceylon Hotels, Zinc Hospitality Lanka agreed to invest LKR250 million for a 50% of stake in Ceylon Holidays Holdings.
The company acquired Golden Sun Resort in Kalutara in 2010. Previously, the company only managed the property. [6] Aitken Spence partnered with Spanish hotel chain RIU to build a 500-room resort in Ahungalla in 2014. The US$100 million project was approved by the Board of Investment of Sri Lanka. [7]
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