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27 August, 2012 07:07 AM Source: Financial Times - Sri Lanka

Dr. Nalaka Godahewa has resigned as the Chairman of Divasa Finance Ltd. last week.

Analysts widely believe the move as a precursor to the impending appointment of Dr. Godahewa as the new Chairman of the Securities and Exchange Commission (SEC), which the Daily FT exclusively reported on Saturday.

Godahewa however remains as Chairman of Colombo Land and Development Plc, biggest shareholders of which are Singapore investors holding over 30%. Urban Development Authority (UDA) holds17.5% and listed entity Kalpitiya Beach Resort-linked to Diawasa Equity holds 20.2%.

Godahewa though on the Board representing the interests of UDA is the single largest Sri Lankan individual shareholder, though with a 1.15% stake.  He had a 1% stake in Waskaduwa Beach Resort as at 31 March 2012 but divested this stake recently as well. More...

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