LOFC, CLC, Brac Lanka Finance propose to list debt & remove equity from CSE

Oct 03, 2018 (LBO) – Commercial Leasing & Finance, LOLC Finance, and Brac Lanka Finance have proposed to list its debt securities and remove all equity securities from the Colombo Stock Exchange.

Director Boards of these companies have disclosed to their shareholders that this action is required to ensure that they are not in violation of the listing rules of the stock exchange and directions of the Central Bank.

These three listed finance companies revealed that they are not compliant with the minimum public holding requirements of the exchange and therefore has been transferred to the Watch List with a period of 20 months to comply.