Oct 25, 2018 (LBO) – Colombo Stock Exchange says the proposed trading suspension of the securities of Adam Investments will not be effective from 29 October 2018.
The exchange further said the company has resolved the matters giving rise to the qualified opinion in the independent auditors report on the financial statements for the year ended 31 March 2017.
The company, however, will remain on the Watch List due to non-submission of the annual report for the year ended 31 March 2018.
The Colombo Stock Exchange earlier notified the marketplace of the enforcement action highlighting the qualified opinion contained in the independent auditor’s report.
Related: Adam Investments (AINV) warned of CSE trading suspension from October 29th