CCC concern over NSB-TFC deal

Thursday, 10 May 2012 00:36 - - {{hitsCtrl.values.hits}}

The Ceylon Chamber of Commerce (CCC) yesterday in a statement expressed concern over the recent transaction of approximately 13% of The Finance Company PLC.

The chamber believes that ensuring integrity and transparency are vital to maintain investor confidence in the Colombo Stock Exchange (CSE) for the capital market to remain robust.

The CCC appreciated the timely intervention by the officials in recognising the possible governance issues in the transaction and for initiating measures to conduct an inquiry.

The CCC urges policymakers and regulators to ensure that the outcome of the inquiries results in identifying any violations and that action be taken against any wrongdoers.

The Ceylon Chamber strongly believes that there should be collective efforts to ensure transparency and governance in order to enhance investor confidence in the capital markets.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.