FINANCIAL CHRONICLE – The Ministry of Finance, Planning and Economic Development of Sri Lanka has announced an extension for the submission of expressions of interest (EOI) regarding the divestiture of Canwill Holdings Pvt Limited. Interested parties now have until 14:00 SLST on March 16, 2026, to submit their EOIs, following requests for an extended deadline.
The ministry confirmed that all other terms and conditions outlined in the initial request for EOIs remain unchanged. Earlier this week, Sri Lanka organized a pre-bid meeting for potential investors interested in the opportunity.
Canwill Holdings (Pvt) Ltd is the parent company of Sinolanka Hotels & Spa (Pvt) Ltd and Helanco Hotels & Spa (Pvt) Ltd. The company was established in December 2011 to focus on investments within the tourism and hospitality sector. Its shareholders include the Sri Lanka Insurance Corporation, the Employees’ Provident Fund, and Litro Gas Lanka.
Canwill Holdings owns the Grand Hyatt building located in the capital city of Colombo. There has been notable interest from potential investors, including those considering the operation of a casino within the Hyatt building.
(Colombo/Feb12/2026)
