I guess Central Bank will soon ask all Licenced Commercial Banks (LCB) and Licenced Specialized Banks (LSB) to go public.
LCB - Bank of Ceylon, Peoples' Bank, DFCC Vardhana Bank (or will mearge with DFCC)
LSB - Rigional Development Banks (RDB), SMIB (State Mortgage Bank), Lankaputhra Development Bank
Also Insureance Board of Sri Lanka (IBSL) may ask all insurance firms, at least those who are in LIFE (Long term) category to be listed (after restrcuturing industry under recent directions to segrigate Life & general).
Insurance (Life) - Sri Lanka Insurance, Allianz Life, Coorporative Insurance, LOLC insurance, Life insurance (lanka), MBSL Insurance, SANASA Rakshana
And no surprise, if SEC ask all fund management comapnies (Unit Trust management companies) also to go listing.
Unit Trust Management Co - NAMAL, Unit Trust Mgt Co (CeyBank), Commercial Fund Mgt Co (comtrust), Eagle NDB/Aviva NDB Fund mgt Co, Ceylon Asst Mgt Co.
CBSL, IBSL and SEC will justify their possitions, as all those firms operates with funds collected from the general public and need high level of transparance/publiclly available information.
And SEC has already decided to allow foreign firms to list CSE subject to conditions. Specially Maldiven firms will take advantage http://forum.srilankaequity.com/t6426-sri-lanka-listings-eyed-by-foreign-firms-official#43231
............... end less listings -- It's GOOD as well as bad !!
Last edited by MoneyLover on Sat Jul 09, 2011 9:09 am; edited 1 time in total (Reason for editing : add more content)