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Softlogic (SHL) shares again suspended from trading

Ashok-Pathirage

Ashok Pathirage - Chairman / Managing Director, Softlogic Holdings

December 8, 2023 (LBO) - Shares in Colombo Stock Exchange (CSE) listed Softlogic Holdings (SHL) have been suspended from trading again on a December 8th. The suspension is due to the failure of the company to file an annual report for the year ended March 31, 2023.

The suspension comes on the heels of a resumption in trading of the shares on December 5th. Trading had recommenced after a period of several months due to failure to file financial statements on time.

During this brief trading window a significant amount of shares changed hands at prices around Rs9/share.

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Softlogic Holdings, in recently filed financial statements, reported massive losses of over LKR 20bn, and negative equity of over LKR 16bn.

https://cdn.cse.lk/cmt/announcement_portal_prod/20231208_093919_20692814445085211.pdf

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