Singhe Hospital goes for Rs. 250 m IPO

Thursday, 19 February 2015 00:00 -     - {{hitsCtrl.values.hits}}

The Colombo Stock Exchange (CSE) has granted approval in principle for the listing of Singhe Hospitals Ltd. through an initial public offering (IPO). The IPO will see 100 million ordinary voting shares of the company being listed on the Diri Savi Board of the CSE at a price of Rs. 2.5 per share. The subscription list will open on 12 March while a prospectus will be delivered to trading members on 27 February. Founded by former Chairman of Royal Ceramics and LB Finance, A.M. Weerasinghe in December 2009 with an investment of Rs. 800 million, Singhe Hospital is a Board of Investment (BOI)-approved project located in Ratnapura.