Sri Lanka, Aug. 22 -- Ambeon Group, one of Sri Lanka's leading diversified conglomerates, today announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in the country's tourism revival and long-term growth potential.

The targeted shareholding stakes were executed through Ambeon's two flagship listed entities; Ambeon Capital PLC and its main subsidiary Ambeon Holdings PLC. Ambeon Capital PLC acquired 12.3 million shares of Ceylon Hotels Corporation PLC, representing 6.84% of its issued capital while Ambeon Holdings PLC acquired 45.9 million shares of The Kandy Hotels Company PLC, representing 6.09% of its issued capital.

Reflecting on the mileston...