CSE says 10 more listings via introductions pending

The Colombo Stock Exchange (CSE) said yesterday that at least around 10 more listings via introductions are pending approval.

This follows a flood of applications during the last week of March as the Securities and Exchange Commission (SEC) directed that requests for listing via introductions won’t be entertained after 1 April 2012.

However, all applications received under this category on or before 31 March 2012 will be accepted.

The CSE yesterday announced the approval in principle the listing via introduction of Taprobane Holdings Ltd.

Last year there were 16 listings via introductions as opposed to two in 2010. So far this year the sole listing via introduction was AgStar Fertilizers Ltd.