CT Holdings among firms relegated to default board

Top blue chip CT Holdings Plc is among a group of companies which has got relegated to the Default Board with effect from today on account of non submission of interim financial statements for the period ended on 31 March 2012.

Others included Sierra Cables, East West, Ceylon Printers, Huejay International, Kalamazoo, Paragon, Nanda Investments, Radiant Gems and Office Equipment.

These 10 firms join an existing band of four comprising the infamous Hotel Developers, Vanik, Ferntea and Miramar Beach.