Oct 29th 2011
SRI LANKA has cancelled the sale of one of its most valuable commercial properties, which would have gone to the state-owned China Aviation Technology Import-Export Corporation (CATIC), amid local protests over some of the deal’s shadier-seeming aspects. Sri Lanka’s government is now negotiating with the exasperated investor to see whether a deposit of $54.5m, already paid by the Chinese, can be diverted to a fresh land deal somewhere nearby.Full Story
