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CSE and SEC continues to empower regional entrepreneurs

Comments / {{hitsCtrl.values.hits}} Views / Tuesday, 10 September 2019 00:29

  • First-ever event in Northern Province
  • Keen interest by entrepreneurs in Matara 
  • Upcoming events in Polonnaruwa and Batticaloa
  • Regional companies actively considering listing on Empower Board 

The Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) have continued to engage regional entrepreneurs through a series of events presenting CSE’s SME listing platform, the Empower Board. The latest events were organised in Jaffna and Matara recently and followed forums organised in Anuradhapura, Negombo, Kurunegala and Kandy. 

These events have been effective in creating awareness on obtaining equity-based capital among entrepreneurs and have resulted in a number of regional companies considering listing on the Empower Board. Upcoming events are also planned for Polonnaruwa and Batticaloa on 20 and 21 September respectively. 

The events gather entrepreneurs, chamber representatives, bankers, accounting and audit professionals and other related stakeholders based in the regions for a discussion on why entrepreneurs should actively consider listing on the Empower Board. The events also create a platform for companies to engage Empower Board sponsors, which are organisations that act as key advisors in the listing process. 

The Empower Board offers an equity-based solution to SMEs and entrepreneurs that are seeking versatile methods of raising capital to pursue growth. The requirements and the process involved with a listing on the Empower Board have been tailored to capture the context of SMEs and growing companies, and largely vary from the other listing platforms at CSE. 

Companies listing on Empower are set to operate in a comparatively relaxed post listing environment and will benefit from pre and post listing support. The Empower Board aims to capture companies that could demonstrate a stated capital of between Rs. 25 million and Rs. 100 million at the point of listing.

The event in Jaffna marked the first occasion a stock market listing related event was conducted in the Northern Province and drew a keen interest among the business community based in the region. Speakers at the event included SEC Chairman Ranel T. Wijesinha, NDB Investment Bank Assistant Manager Sugirthan Alagesan and CSE Jaffna Branch Manager Thileepan Muthucumaraswamy. CSE CEO Rajeeva Bandaranaike was also present at the event. 

The event in Matara featured insights from Harischandra Mills PLC, a listed company that hails from the Southern Province. Director R. K. Samarasinghe and Management Accountant Priyanka Prasadwere present at the event while the other speakers included Apoorwa De Alwis Analyst, Corporate Finance at Acuity Partners and CSE Matara Branch Manager Nirodha Abeygunawardena. 

For more information on the Empower Board, please visit www.cse.lk or contact 0112 356 522.

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