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Except for few, majority of the registered finance firms will list their firms on the Colombo Stock Exchange before the June 30th deadline, A Central Bank official said.
He said few finance companies who underwent financial crisis and still recovering, will not meet the deadline set by the Bank.
Meanwhile, a statement from the Central Bank announced that already 15 firms have listed while another 4 more RFCs have received CSE approval.
The Bank also added “Applications of other RFCs are being reviewed by the CSE”.
Most of the RFCs are listing their firms as a way of an introduction which means those entities are not raising funds out of share issues.
Sri Lanka altogether has 36 Registered Finance Firms.
http://www.news360.lk/business-finance/few-rfcs-struggle-to-meet-the-listing-deadline-while-the-rest-will-go-through
He said few finance companies who underwent financial crisis and still recovering, will not meet the deadline set by the Bank.
Meanwhile, a statement from the Central Bank announced that already 15 firms have listed while another 4 more RFCs have received CSE approval.
The Bank also added “Applications of other RFCs are being reviewed by the CSE”.
Most of the RFCs are listing their firms as a way of an introduction which means those entities are not raising funds out of share issues.
Sri Lanka altogether has 36 Registered Finance Firms.
http://www.news360.lk/business-finance/few-rfcs-struggle-to-meet-the-listing-deadline-while-the-rest-will-go-through
