Ceylon Chamber woos firms to list on CSE

Tuesday, 1 March 2011 00:01 - - {{hitsCtrl.values.hits}}

With the objective of creating awareness on the new listing rules and regulations and the process for listing on the market, the Ceylon chamber of Commerce will hold a Seminar titled “Getting your Company listed on the Colombo Stock Exchange”, which will take place on Friday 4th of March, 2011 at the Ground Floor Auditorium of the Ceylon Chamber of Commerce, from 1.30 - 4.30 pm.

The introduction to the seminar will made by Manjula de Silva, Managing Director, HNB Assurance PLC while Surekha Sellahewa, CEO, Colombo Stock Exchange will speak on Listing on the Colombo Stock Market and Vajira Kulatillaka, CEO-Investment Banking Cluster, NDB Bank will make a presentation on Preparing for a listing. The Experience of a new entrant to the CSE will be shared by Kishan Nanayakkara, Hemas Power PLC, followed by a Panel Discussion.

Ceylon Chamber said prospects for investment in Sri Lanka have risen considerably after the termination of the war. Many business ventures have either already initiated projects to expand their businesses or are exploring avenues for business development. The Colombo Stock Market which was dull and stagnant for most of the duration of the war has witnessed a significant upsurge in activity since mid 2009.

In a country which has been traditionally having high interest rates, listing on the stock market provides an avenue to raise capital at a lower cost and facilitate in attracting foreign capital. In addition, it encourages companies to improve management standards and efficiency to satisfy the demands of the stakeholders, the Chamber added.