The necessary arrangements for listing state-owned enterprises on the Colombo Stock Exchange have been made, and all that remains is for the government to take action, says Colombo Stock Exchange Chairman Dilshan Weerasekara.
He made this statement while responding to a question posed by a journalist at a media briefing held yesterday (18th).
Speaking further, Colombo Stock Exchange Chairman Dilshan Weerasekara said:
“We have introduced a separate board for listing state-owned enterprises. The necessary framework has already been prepared to list any state-owned enterprise, such as State Banks, the Ceylon Petroleum Corporation, and the Ceylon Electricity Board.
Some companies have not yet followed the financial reporting standards required by the stock market. These are standard procedures when listing a company, and we are ready to provide a transitional period for compliance.
Ultimately, it is the government’s decisions that determine which companies will enter the stock market. Previously, there was a government committee that had proposed several selected institutions for this purpose.
The necessary steps have already been taken by the Colombo Stock Exchange. What is needed now is the government’s initiative.”
