Shing Kwan Group Donates $ 100,000 for National Disaster Recovery 📈

Singapore-based Shing Kwan Group (SKG), the majority shareholder of Overseas Realty (Ceylon) PLC, has donated US$ 100,000 to the Rebuild Sri Lanka Fund. The contribution supports recovery efforts following the widespread devastation caused by Cyclone Ditwah. • Key Financials & Support: • Total Donation: US$ 100,000 (approx. LKR 30 Mn+). • Purpose: Restoring livelihoods and rebuilding essential infrastructure. • Donor Profile: Leading property holding and investment firm from Singapore with a 60-year association with Sri Lanka. • Sector Impact & Contributions: • Real Estate & Infrastructure: SKG is the principal backer behind iconic BOI-approved developments, including the World Trade Center (WTC) Colombo and Havelock City. • Foreign Direct Investment: The group is recognized as a consistent contributor of substantial FDI to the Sri Lankan economy. • Economic Context: • Cyclone Ditwah (late 2025) caused an estimated economic loss of US$ 0.7–1.07 Bn (approx. 0.8–1.0% of GDP). • The Rebuild Sri Lanka Fund has now surpassed US$ 11 Mn in total contributions from local and international donors. _Summary based on official corporate and provisional government data as of Jan 14, 2026._