Lankapage Logo CP 19 YEARS
Go Home Home Serving the Sri Lankan community globally since 2000
go to LankaPage.com

Leading News from Sri Lanka::

* CSE and SEC continues to empower regional entrepreneurs
Wed, Sep 11, 2019, 07:33 am SL Time, ColomboPage News Desk, Sri Lanka.

Sept 11, Colombo: The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) have continued to engage regional entrepreneurs through a series of events presenting CSE's SME listing platform, the Empower Board.

The latest events were organized in Jaffna and Matara recently and followed forums organized in Anuradhapura, Negombo, Kurunegala and Kandy. These events have been effective in creating awareness on obtaining equity-based capital among entrepreneurs and have resulted in a number of regional companies considering listing on the Empower Board.

Upcoming events are also planned for Polonnaruwa and Batticaloa on 20th and 21st September respectively.

The events gather entrepreneurs, chamber representatives, bankers, accounting and audit professionals and other related stakeholders based in the regions for a discussion on why entrepreneurs should actively consider listing on the Empower Board.

The events also create a platform for companies to engage Empower Board sponsors, which are organizations that act as key advisors in the listing process.

The Empower Board offers an equity-based solution to SMEs and entrepreneurs that are seeking versatile methods of raising capital to pursue growth. The requirements and the process involved with a listing on the Empower Board have been tailored to capture the context of SMEs and growing companies, and largely vary from the other listing platforms at CSE.

Companies listing on Empower are set to operate in a comparatively relaxed post listing environment and will benefit from pre and post listing support. The Empower Board aims to capture companies that could demonstrate a stated capital of between Rs. 25 million and Rs. 100 million at the point of listing.

The event in Jaffna marked the first occasion a stock market listing related event was conducted in the Northern Province and drew a keen interest among the business community based in the region. Speakers at the event included the Chairman of SEC Ranel T. Wijesinha, Assistant Manager at NDB Investment Bank Sugirthan Alagesan and CSE Jaffna Branch Manager Thileepan Muthucumaraswamy. CSE CEO Rajeeva Bandaranaike was also present at the event.

The event in Matara featured insights from Harischandra Mills PLC, a listed company that hails from the Southern Province. Director Mrs. R. K. Samarasinghe and Management Accountant Priyanka Prasad were present at the event while the other speakers included Apoorwa De Alwis Analyst, Corporate Finance at Acuity Partners and CSE Matara Branch Manager Nirodha Abeygunawardena.

For more information on the Empower Board, please visit www.cse.lk or contact 0112 356 522.

 

ColomboPage - Recent 10 Stories ::
Fort Magistrate orders to bury the body parts of Kingsbury Hotel suicide bomber in the Borella Cemetery
-- [3 hours ago]
Sri Lanka PM says background prepared to create more employment opportunities
-- [3 hours ago]
Sri Lanka's ILO supported National Cooperative Policy becomes a reality
-- [4 hours ago]
Sri Lanka President invites expatriate professionals to serve the country
-- [5 hours ago]
Saudi Fund for Development grants Sri Lanka $ 50 mn loan to establish a medical faculty in Sabaragamuwa University
-- [5 hours ago]
Sri Lanka's economic growth dips to 1.6% in 2nd quarter of 2019 after Easter Sunday attack
-- [6 hours ago]
Sri Lanka Army advises public not to be alarmed over false news published in media
-- [7 hours ago]
Sri Lanka Presidential Elections on November 16
-- [7 hours ago]
Japan provides USD 2 million grant aid for implementation of the Women, Peace and Security Agenda in Sri Lanka
-- [7 hours ago]
Sri Lanka PM says sweeping changes needed for a leapfrog in economy

Copyright © 2000, 2016 by LankaPage.com (LLC) :
The news and other contents on ColomboPage are copyrighted property of LankaPage.com, LLC. Any unauthorized use of any information on ColomboPage may constitute a violation of copyright laws. You need written permission to reproduce, republish, post, transmit, broadcast or distribute, material from this site from LankaPage.com, LLC. However, news organizations or broadcasters in Sri Lanka may republish the news items in ColomboPage with proper acknowledgment to ColomboPage.