CCC concern over NSB-TFC deal

Thursday, 10 May 2012 00:36 - - {{hitsCtrl.values.hits}}

The Ceylon Chamber of Commerce (CCC) yesterday in a statement expressed concern over the recent transaction of approximately 13% of The Finance Company PLC.

The chamber believes that ensuring integrity and transparency are vital to maintain investor confidence in the Colombo Stock Exchange (CSE) for the capital market to remain robust.

The CCC appreciated the timely intervention by the officials in recognising the possible governance issues in the transaction and for initiating measures to conduct an inquiry.

The CCC urges policymakers and regulators to ensure that the outcome of the inquiries results in identifying any violations and that action be taken against any wrongdoers.

The Ceylon Chamber strongly believes that there should be collective efforts to ensure transparency and governance in order to enhance investor confidence in the capital markets.