January 25, 2022

Cayman Island-based The Sri Lanka Fund to be wound up

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From Daily Mirror UK Ceylon Guardian Investment Trust PLC (GUAR) and Ceylon Investment PLC (CINV) said yesterday that they are considering winding up the US$2.23 million Sri Lanka Fund incorporated in the Cayman Island, a tax haven. Both companies, subsidiaries of Carson group, each holds 43.34 of the dollar denominated fund.“after much analysis and discussion, […]