CDB shares debut today in CSE

Tuesday, 5 October 2010 23:07 - - {{hitsCtrl.values.hits}}

The 39,685,048 shares listed by Citizens Development Business Finance (CDB) Ltd. in the “Diri Savi” Board of the Colombo Stock Exchange are expected to trade today.

Ernst & Young act as advisors to the listing and Nithya Partners as the Legal Advisors.

CDB’s General Manager/Director and CEO Mahesh Nanayakkara says that the key objectives of the listing are to comply with the regulatory requirements ahead of stipulated deadlines, broadening CDB’s shareholder structure, strengthening the capital raising ability to support future growth strategy and increasing transparency as a public listed institution.

Arjuna Herath of Ernst & Young added, “Considering the past performance of CDB and the professionalism with which the company is managed, CDB’s shares are expected to do well in the Colombo Stock Exchange.”