Commercial Credit to list on CSE today

Commercial Credit Ltd. announced the listing of the company on the Diri Savi Board of the Colombo Stock Exchange today (1 June 2011).

Commercial Credit will list 218,074,365 shares. Kenanga Investment Corporation Limited acts as advisors to the listing and Nithya Partners as the legal advisors. Commercial Credit’s Director/CEO Roshan Egodage says that the listing’s key objectives are to comply with the regulatory requirements ahead of stipulated deadlines, broadening shareholder structure, strengthening the capital raising ability to support future growth strategy and increasing its transparency as a public listed institution.

CEO of Kenanga Investment Corporation Limited Shahid Sangani added, “Taking into consideration Commercial Credit’s past performance, coupled with the sheer professionalism with which the company is managed, we have no doubt that its shares will perform well in the Colombo Stock Exchange.”