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Tuesday, 19 June 2012

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PCH Holdings to be listed at the Colombo Stock Exchange

PCH Holdings Ltd will listed at the Colombo Stock Exchange by way of private placement. “We are listing the holding company by introduction. We have received the approval from the Securities and Exchange Commission (SEC). The purpose of the listing is to capitalize on the appetite for PCH shares in the market. With the listing the public will be able to buy shares by the end of this week or on Monday, PCH Group Chairman S.H.M. Rishan told Daily News Business.

“The company performance for the past five months was encouraging. The PCH Holdings posted PAT of Rs 1.4 billion for the last year. We target to exceed this figure during the current year, he said. The public response for PCH shares is good. As we are more in to providing IT solutions. We see a promising business this year. We have invested on solution based businesses including ERP solutions and anticipate healthy growth by the end of this year,” Rishan said.

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