CSE Continues Regional Awareness Drive in Negombo

The Colombo Stock Exchange (CSE) successfully concluded yet another virtual forum organized as part of an awareness drive for island-wide Small and Medium Enterprises (SME). The second event of the series which was held for SMEs in Negombo, drew strong interest among the entrepreneurial community based in the region. The series of virtual forums is hosted by CSE with the objective of promoting the advantages of listing on the Empower Board.

Ms. Hansinee Beddage, Senior Analyst at Acuity Partners (PVT) Limited, Mr. Rohan Senewiratne, Managing Director of Atarah Capital Partners (PVT) Limited, Mr. Suraj Surwaweera, Managing Director of Chrissworld Limited and Mr. Nuwan Chathuranga, Manager of CSE Negombo Branch made a strong case on a number of potential advantages available for SMEs through the Empower Board. The speakers further joined in a Question-and-Answer session which fostered an engaging and open conversation with the participating entrepreneurs.

Ms. Hansinee Beddage, elaborated on the process of listing and the relaxed policies applicable to SMEs through the Empower Board. A comprehensive comparison between the growth of listed companies and companies opting for other sources of capital were discussed.

She further commented on the multitude of benefits of listing, including capital acquisition for growth prospects, elevation of business value and defining the market value of the company, investor attraction, improvement of business recognition, business opportunities and regulation of business processes.

Mr. Suraj Surwaweera, Managing Director of Chrissworld Limited, shared the company’s experience in the listing process. He explained the specific and demanding capital requirements of the warehousing industry and how listing on the Empower Board has benefited them. He further elaborated on the recognition among the business community and the national and international stakeholders they have attracted to the company within a short period since listing.

As the advisors and sponsors to Empower Board’s first listing, Chrissworld Limited, Mr. Rohan Senewiratne, Managing Director of Atarah Capital Partners (PVT) Limited added that the main objective of sponsors is not to list a multitude of companies but to bring suitable companies to the correct standard to list.

He elaborated on the importance to ensure minority shareholder protection, sharing his experience in listing Chrissworld and wished that company a successful journey ahead. Senewiratne explained reaching the required standard to list is not a hard process but an organized restructuring process, in order to bring the business to a better standard so that a company gains the trust of investors.

For more information on the Empower Board and CSE visit www.cse.lk or contact Mr. Purasisi Jinadasa, Head of Origination & Issuer Relations at CSE.

(CSE news release)