Twenty million units on offer:
NAMAL and Acuity partners to launch Rs. 1 billion IPO
National Asset Management Limited (NAMAL) and
Acuity Partners will launch the Initial Public Offering (IPO) of the
NAMAL Acuity Value Fund to the value of Rs 1 billion. This will be
the first closed ended Unit Trust to be listed on the Colombo Stock
Exchange (CSE), CEO NAMAL S. Jeyavarman told a media briefing at the
HNB Towers yesterday.
Private placement and public share issue:
Seylan Bank shareholders give green light
The shareholders of Seylan Bank PLC at an
Extraordinary General Meeting yesterday unanimously approved the
proposed private placement of shares and public issue of share at Rs.
35 per share.
HNB strengthens rural economy
Joins CIC and Hayleys PLC:
The Hatton National Bank (HNB) has selected two
major corporate partners, Chemical Industries (Colombo) PLC (CIC)
and Hayleys PLC to build and strengthen new linkages with rural
communities helping develop the rural economy of Sri Lanka.
ASC Permanent Secretariat set up in Sri Lanka:
Lanka poised to become Asia's maritime hub
The setting up of the Permanent Secretariat of
the Asian Shippers' Council (ASC) in Sri Lanka will have an immense
impact on the maritime activities of Sri Lanka making it the
maritime hub in the Asian region, said Asian Shippers' Council,
Secretary General, Rohan Masakorala.