The Colombo Stock Exchange said shares of Sri Lankan coconut-based food products exporter Renuka Agri Foods will be listed on January 4, 2010 classified under the beverage, food and tobacco sector.
It said in a statement that 401,250,000 shares of Renuka Agri Foods will be listed on the CSE’s ‘Diri Savi’ second board, where listing rules are less stringent than on the main board.
The managers to the Renuka Agri Foods Initial Public Offer (IPO) last month have said it was oversubscribed by more than 12 times.
The company received over 5,409 applications worth more than 3.2 billion rupees.
The IPO was for 120 million shares at 2.25 rupees each. - (source - www.lbo.lk)
This is the best time to invest in shares of COCO lanka & Renuka holding limited. Renuka Holding is the ultimate holding company of COCO lanka & Renuka Agri Foods. RHL subdivision of each share in to five is still pending & COCO has a pending rights issue of Five (05) ordinary voting shares for every seven (07) existing ordinary shares held & One (01) ordinary non voting share for every seven (07) existing ordinary shares held.
(Issue Price - Ordinary voting share at Rs. 35/= each, Ordinary non voting share at Rs. 25/= each)
This rights issue is attractive & we are confident that the investors who owns coco will have a very good times in future.
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