HNB FINANCE Ltd IPO oversubscribed
| Published date | 02 March 2020 |
| Publication title | Sunday Times |
HNB FINANCE Ltd, a licensed finance company, said on Monday that its Initial Public Offering (IPO) for sale at the Colombo Stock Exchange (CSE) has been oversubscribed.
In a media release, the company said 10 million Ordinary Voting Shares at Rs. 5.70 each were offered through the IPO while the company is also listing Ordinary Non-Voting Shares at Rs. 4.20 per share by way of an Introduction in the CSE.
'As anticipated, the offer was oversubscribed, signaling the trust that investors place on us. This...
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