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Monday, June 13, 2011

Softlogic attracts US$ 35 m

Sanjeevi Jayasuriya

The enthusiasm to invest in the country’s stock market for the right investment option is still high. Softlogic Holdings was able to attract US $ 35 million worth foreign investment at the recently concluded initial public offering.

This is a positive trend as foreign investors show a keen interest on investing in financially sound companies. The country is in the right track to attract more investments with good governance and transparency, Softlogic Holdings Chairman Ashok Pathirage told Daily News Business.

This is the first time after the Dialog IPO that high value of foreign investors participated at an IPO. This augurs well for the future IPOs especially where the companies have high credibility and proven track records, he said.
source - www.dailynews.lk