Sri Lanka Senkadagala Finance to list

kan · 1 Sri Lanka Senkadagala Finance to list Wed Mar 02, 2011 4:34 pm

kan

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Mar 01, 2011 (LBO) - Sri Lanka's Senkadagala Finance, a registered finance company, has been given the nod to list on the second board of Colombo Stock Exchange through the 'introduction' process the bourse said in a statement.
Sri Lanka's finance companies have been asked to list on the stock exchange by the Central Bank, which is the sector regulator.

The CSE said 53.6 million ordinary shares will be listed by introduction. [b]A listing by introduction does not involve an initial public offer for subscription of a stock of shares to the public.

Senkadagala Finance has been rated 'BBB+(lka)' by Fitch Ratings Lanka.

What does it mean?We can't buy from IPO?

kan · 2 what is list by introduction?? Wed Mar 02, 2011 4:38 pm

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Explain?

Slstock · 3 Re: Sri Lanka Senkadagala Finance to list Wed Mar 02, 2011 4:42 pm

Slstock

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kan wrote:Explain?

In short one day they will list on CSE without buyeer having to subcribe like an iPO. People buy from the market. Not though usual IPo procedure.

Monster · 4 Re: Sri Lanka Senkadagala Finance to list Wed Mar 02, 2011 4:45 pm

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kan wrote:Explain?

We have already started a thread for this. As Rajith mentioned in another thread please post the news in Stock Market News category. Don't make too many duplicated threads.

Slstock · 5 Re: Sri Lanka Senkadagala Finance to list Wed Mar 02, 2011 4:48 pm

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Monster wrote:

kan wrote:Explain?

We have already started a thread for this. As Rajith mentioned in another thread please post the news in Stock Market News category. Don't make too many duplicated threads.

Monster,
I guess he is asking a question though he is listing news. So lets give him a chance. But yes people should post at the right place.

Monster · 6 Re: Sri Lanka Senkadagala Finance to list Wed Mar 02, 2011 5:08 pm

Monster

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slstock wrote:

Monster wrote:

kan wrote:Explain?

We have already started a thread for this. As Rajith mentioned in another thread please post the news in Stock Market News category. Don't make too many duplicated threads.

Monster,
I guess he is asking a question though he is listing news. So lets give him a chance. But yes people should post at the right place.

kan, this will listed as an introduction. Not an IPO. You can directly buy the share as you are buying other shares. Recently CDB listed as an introduction in October, 2010.