7 listed firms up for trading suspension

The Colombo Stock Exchange has announced that seven companies are up for suspension of trading from 1 April unless they rectify non-compliances over the submission of interim and annual accounts.

The firms are Lanka Cement Plc, PC House Plc, PC Pharma Plc, Ceylon & Foreign Trades Plc, Standard Capital Plc, Adam Investments Plc and Adam Capital Plc. They are already on the CSE’s Watch List and the CSE has given them time until 29 March to comply. 

Lanka Cement needs to submit interim statements for quarters ended 30 September 2014 to 31 December 2017. PC House and PC Pharma have not submitted interim statements for the quarters ended 31 December 2015 to 31 December 2017 and annual reports for the years ended 31 March 2014 to 31 March 2017.

Ceylon & Foreign Trades is required to submit interim statements for quarters ended 30 September 2017 and 31 December 2017 and the Annual Report for FY17. Standard Capital needs to submit interim statements for quarter ended 31 December 2017 and the Annual Report for FY17. 

Adam Investments and Adam Capital have not submitted interim statements for the quarter ended 31 December 2017 and the Annual Report for FY17.