Sri Lanka PCH Holdings reveals guarantee to chairman
20 Nov, 201215:03:08
Nov 20, 2012 (LBO) - Sri Lanka's PCH Holdings Plc, has revealed that it had guaranteed a margin trading loan of its chairman S Rishan, but it had not been disclosed when the firm was listed "due to an oversight".
"Also we would like to inform you that, management would take appropriate steps to revoke the above guarantee in the future," the firm said in a stock exchange filing.
The firm said the guarantee had been given before PCH Holding s was listed.
The firm was listed through an introductory document.