Trading suspended in Sri Lanka’s Swarnamahal Financial shares
ECONOMYNEXT – Sri Lanka’s Swarnamahal Financial Services PLC said trading of its shares had been suspended from 1 July 2018 because of non-compliance with stock exchange listing rules.
A statement said its appeal to the Securities and Exchange Commission to defer the suspension had been rejected.
The company, which is being restructured under central bank supervision, said it was negotiating with a potential investor to inject fresh capital and change ownership.
(COLOMBO, July 17, 2018)