Sri Lanka stock exchange encourages small firms in Kandy to list
ECONOMYNEXT – Sri Lankan stock market authorities have reached out to new, fast growing companies in the central hill country town of Kandy to encourage them to list and raise funds on the Colombo Stock Exchange (CSE).
Officialsf rom the CSE and the Securities and Exchange Commission discussed funding requirements, growth prospects and opportunities to fund growth through the CSE’s ‘Empower Board’, a statement sad.
Empower is the latest listing platform introduced by the CSE and follows the main and ‘DiriSavi’ Boards.
“The requirements and the process involved with a listing on the Empower Board have been tailored to capture the context of young and growing companies,” the statement said.
The event was part of a series of regional forums conducted on the Empower Board to create awareness on equity-based capital raising, particularly among small and medium-sized enterprises around the country.
Previously CSE and SEC have reached out to entrepreneurs based in Anuradhapura, Negombo and Kurunegala.
Participants also had the opportunity to discuss their funding and other requirements with Empower Board sponsors, companies with experience in investment banking or corporate finance and in handling listing applications for issuers in the past.
(COLOMBO, 18 JUNE, 2019)