Sunshine Holdings focusing on consumer and health after Sri Lanka tea farm exit
ECONOMYNEXT – Sri Lanka’s Sunshine Holdings Plc, which sold its tea farming business to a Singapore based company said it will focus on healthcare and consumer goods.
Group Managing Director, Vish Govindasamy said the sale of control of Hatton Plantations to Lotus Renewable Energy (Pvt) Ltd was part of a strategy to re-focus and specialize on healthcare and consumer segments.
The group will continue to invest in its Watawala Tea, Zesta and Ran Kahata tea brands.
He said the new owners of Hatton Plantation was already running similar businesses in Sri Lanka.
"Hence we made sure our divestiture will be to an experienced business entity, and we are confident they will continue to develop the plantations as we have done," he said. (Colombo/May28/2019)