Sri Lanka stock exchange demutualization gets cabinet nod

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sashimaal
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Sri Lanka stock exchange demutualization gets cabinet nod

Postby sashimaal » Wed Jan 31, 2018 3:51 pm

ECONOMYNEXT - A draft law to demutualize Sri Lanka's Colombo Stock Exchange into a for-profit company has received the approval of the cabinet, the state information office said.

A draft to demutualize the Colombo Stock Exchange will be published by gazette in a few weeks.

Prime Minister and Minister of National Polices, Ranil Wickremesinghe presented the draft law.

The Colombo Stock Exchange is now a company limited by guarantee which is mutually owned by founder stock broking firms, but it cannot distribute profits.

The demutualization will make the CSE a limited company with the stock brokers who were license earlier being entitled to shares in the exchange. Later licensed so-called trading members are not entitled to stock. (Colombo /Jan31/2018)
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voight
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Re: Sri Lanka stock exchange demutualization gets cabinet nod

Postby voight » Wed Jan 31, 2018 5:45 pm

Can we be shareholders too then on the CSE ?
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SHARK
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Re: Sri Lanka stock exchange demutualization gets cabinet nod

Postby SHARK » Wed Jan 31, 2018 11:15 pm

Now This will be a GAME CHANGER..... and for get the REST economy state bla bla bla
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Blue Whale
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Re: Sri Lanka stock exchange demutualization gets cabinet nod

Postby Blue Whale » Thu Feb 01, 2018 7:31 am

We know very much how the policies of RW came into effect for stock market. No need to go deep but just recall the CGT on stock market saga created in 2016 and 2017 and then relate it back to see how we have benefitted from it in those two years. :ymdevil:
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