The Colombo Stock Exchange (CSE) will allow Maldivian non-resident foreign companies to list, buy and sell securities through the proposed, Multi-Currency Board, Colombo Stock Exchange CEO, Rajeeva Bandaranaike said.
He was speaking at the Maldives Stock Exchange (MSE), Capital Market Development Authority of Maldives (CMDA), CSE conducted road show for potential Maldivian Issuers and Investors held in Male. The event marked the first Issuer Forum conducted by CSE on foreign soil.
The MSE CEO, Hassan Manik said listing in the CSE will provide Maldivian listed companies an opportunity to achieve proper values for their shares. He noted that at present, shares of listed Maldivian companies do not have correct values, which is caused by the lack of liquidity in the market.
CSE Chairman Vajira Kulatilaka said that engaging Maldivian companies has long been an objective at CSE and that reaching out to them first, represents the trust and confidence placed in the Maldives and its business sector.
He stated “We have recently implemented a number of investment and policy measures to give the exchange world-class status. The CSE offers a unique opportunity to raise capital in one of the fastest growing economies in Asia, through an exchange that on average performed better than most major global indices in recent years.”
Maldives Economic Development Minister Mohamed Saeed commended Sri Lankan listed companies for effective capital market engagement and called on Maldivian companies to embrace the many opportunities available in the Sri Lankan capital market.
Softlogic Holdings Chairman and Managing Director, Ashok Pathirage said sourcing capital is just one benefit of listing on the CSE and outlined that listing also fosters good corporate governance, paves the wayfor an optimised company structure and helps in growing the organization through attracting quality talent.
The Issuer Forum comes against the backdrop of a strategic initiative by CSE to introduce a Multi-Currency Board to list and trade companies incorporated and operating outside Sri Lanka.
Over 30 representatives from 20 potential Issuers from the Maldives and seven investment banks from Sri Lanka were present at the event.
www.dailynews.lk
He was speaking at the Maldives Stock Exchange (MSE), Capital Market Development Authority of Maldives (CMDA), CSE conducted road show for potential Maldivian Issuers and Investors held in Male. The event marked the first Issuer Forum conducted by CSE on foreign soil.
The MSE CEO, Hassan Manik said listing in the CSE will provide Maldivian listed companies an opportunity to achieve proper values for their shares. He noted that at present, shares of listed Maldivian companies do not have correct values, which is caused by the lack of liquidity in the market.
CSE Chairman Vajira Kulatilaka said that engaging Maldivian companies has long been an objective at CSE and that reaching out to them first, represents the trust and confidence placed in the Maldives and its business sector.
He stated “We have recently implemented a number of investment and policy measures to give the exchange world-class status. The CSE offers a unique opportunity to raise capital in one of the fastest growing economies in Asia, through an exchange that on average performed better than most major global indices in recent years.”
Maldives Economic Development Minister Mohamed Saeed commended Sri Lankan listed companies for effective capital market engagement and called on Maldivian companies to embrace the many opportunities available in the Sri Lankan capital market.
Softlogic Holdings Chairman and Managing Director, Ashok Pathirage said sourcing capital is just one benefit of listing on the CSE and outlined that listing also fosters good corporate governance, paves the wayfor an optimised company structure and helps in growing the organization through attracting quality talent.
The Issuer Forum comes against the backdrop of a strategic initiative by CSE to introduce a Multi-Currency Board to list and trade companies incorporated and operating outside Sri Lanka.
Over 30 representatives from 20 potential Issuers from the Maldives and seven investment banks from Sri Lanka were present at the event.
www.dailynews.lk
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