Company filings and market news from across Sri Lanka's stock market.
Cable Solutions PLC (CSLK.N0000) began trading on the Colombo Stock Exchange Diri Savi Board after an IPO of over 80 million shares at Rs 7.50 that was oversubscribed; the share closed at Rs 7.70.
Cable Solutions PLC (CSLK.N0000) commenced trading on the CSE Diri Savi Board on 14 Aug 2024 after an IPO of over 80 million shares at Rs.7.50 per share that was oversubscribed on the opening day. The 2008-founded cable manufacturer generates 94% of revenue from exports to 13 countries and supplies cables for renewable energy, telecoms and aerospace.
Cable Solutions PLC (CSLK) will begin trading on the CSE Diri Savi Board on 14 Aug 2024 after an IPO that raised LKR 109,999,500 and was oversubscribed. The company is a subsidiary of ACL Cables PLC and exported 94% of its LKR 3.3bn FY2023 revenue; IPO proceeds will fund machinery (81.8%) and working capital (18.2%).
Cable Solutions Ltd. (CSLK) will begin public trading on the CSE Diri Savi Board on 14 August after an IPO that raised Rs. 109,999,500 and was oversubscribed; proceeds will fund new machinery (81.8%) and working capital (18.2%).