Monday, February 14, 2011

Standard Credit Lanka will seek listing

Standard Credit Lanka Ltd, Central Bank registered financial institution is now being re-structured as per directions given by the Monetary Board of the Central Bank of Sri Lanka.

Once the re-structuring is completed, the proposed merger with Entrust and Multi Finance will take place in order to further strengthen the financial position of the company.

Soon after the completion of the re-structuring, the company will seek a listing in the "Dirisavi" Board of the Colombo Stock Exchange.

With the current economic growth and a buoyant stock market, it is predicted that this will be a successful offering.

source -

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