The necessary arrangements have been made for the listing of state-owned enterprises on the Colombo Stock Exchange and all that remains is for the government to take action for the same, says Colombo Stock Exchange Chairman Dilshan Weerasekara.
He said this while responding to a question asked by a journalist at a media briefing. Speaking further, Colombo Stock Exchange Chairman Dilshan Weerasekara said the following.
“We have introduced a separate board for listing state-owned enterprises. The necessary framework for listing any state-owned enterprise like state banks, petrolium corporations, and electricity boards has already been prepared. Some companies have not followed the standards accepted by the stock market in preparing and reporting financial statements. They are a normal practice followed when listing a company. We are ready to provide some transitional period for that.
Actually, it is the decisions taken by the government that determine which companies will come to the stock market. Earlier, there was a government committee for that. They had proposed several selected institutions for that. The necessary steps have been taken by the Colombo Stock Exchange. What is needed is the government’s initiative.” – Ada Derana