Asia Capital Plc, along with its majority owner Dato Vijay Iswaran, has strongly denied recent claims circulating on social media that it has made a formal offer to acquire a majority stake in MAC Holdings.
In a statement, the company said that it had not received a formal offer, rejecting“unsubstantiated claims”that had misled the public.
“This statement based on ‘reliable sources’ is false and may damage the reputation of both Asia Capital PLC and its stakeholders,” the statement said.
Contrary to rumors suggesting financial difficulties or divestment plans, Iswaran reaffirmed his faith in Sri Lanka’s economic prospects, especially under the leadership of the current government.
“This optimism is supported by tangible actions,” the statement continued. “Dato Vijay has demonstrated his unwavering belief in Sri Lanka’s resilience and potential by personally investing $3 million into the local economy following the challenges posed by the COVID-19 pandemic. Such investments are clear indicators of his long-term commitment to fostering Sri Lanka’s economic growth and revitalization.
Having deep familial ties to the island nation, he has consistently shown a strong affinity for its culture, people, and opportunities. These connections have not only fueled his continued investment in the country but also strengthened his resolve to contribute to Sri Lanka’s development over the years to come.
Asia Capital PLC emphasized its position as a resilient and forward-thinking enterprise, particularly in the hospitality sector.
The company remains steadfast in its operations, navigating challenges effectively while maintaining its commitment to delivering exceptional services. The allegations of financial difficulties and disputes cited in the article are exaggerated and fail to acknowledge Asia Capital PLC’s strategic initiatives to sustain and expand its business,” the statement added.
Asia Capital plc and its leadership strongly denied any comment on the ongoing talks with MAC Holdings while reiterating their focus on contributing to Sri Lanka’s economy.
