Business Times

Tokyo bourse team to visit SL tomorrow

A team from Tokyo AIM, a stock exchange and subsidiary of the Tokyo Stock Exchange (TSE), is due to arrive tomorrow on a 3-day visit to explore investment opportunities in the country.

Their arrival is facilitated by New World Securities (NWS), a new broking firm, in terms of meeting the regulators and top corporates, officials said. “We are facilitating some meetings with top corporates, the Securities and Exchange Commission and the Colombo Stock Exchange (CSE) and the Central Bank,” Takeshi Igarashi, Chairman NWS told the Business Times.

Tokyo AIM is 51% TSE and 49% London Stock Exchange-owned. Highlighting Tokyo AIM’s background, Mr. Igarashi explained that it started operations from 1 June, 2009, and provides a new funding option for growing companies in Japan and Asia, as well as creating new opportunities for professional investors. AIM stands for Alternative Investment Market and it operates as a exchange cum investment unit.

“Listing in Tokyo AIM helps firms to grow their business through access to a wider layer of funding options and an easier way to bring in fresh capital into firms,” Mr. Igarashi explained. He said the team aims to discuss this option as well as local firms’ listing in Tokyo AIM. He noted that there’re no minimum requirements for market capitalisation or free float for a company to list on Tokyo AIM. The listing company structure can be arranged on a case-by-case basis. He also added that by next month Tokyo AIM plans to invest some Rs. 1 billion in funds in Sri Lanka.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Movable property as collateral against loans
Europe, developing world battle over IMF post
Sri Lanka expects upward revision in sovereign ratings
Grand Oriental Hotel deal to be finalised in two months
Some 7,000 GK depositors receive 2nd repayment
CB to further clarify bank loan-for-stocks rule
Tokyo bourse team to visit SL tomorrow
Showers of blessings
Comment - Dilemma of university teachers
Not more regulation but conformity with ILO Conventions and Workers’ Charter essential
TRC in preliminary round to ring in number portability
Right of Rreply - ‘Most investors in Sri Lanka trade on inside information’
Leading Indian cancer care provider seeks investor in Sri Lanka
Further extension of brokers’ credit stuns small investors
NDB 1Q11 YoY Group PAT doubles
CDB fosters IT literacy in remote Jaffna school
Discussion on Carbon crisis at ST Business Club
Correction - “Now it’s Rs 5 mln an acre for Kuchchaveli Investors”
Motivational speaker Craig Valentine talks leadership in Colombo
Investors cry foul over changing rules overnight
ICASL new headquarters, costing Rs 360 mln on 40,000 sq feet
Biggest GDP growth between 2004:08 came from price hikes, not real economic growth : economics teacher
Double digit revenue drop, after tax loss at former Watapota
First Capital 4Q10 group after tax profits double
BOC expands in India targeting businessmen, 60,000 Sri Lankan refugees
DIMO 12-month group revenues up 179%
Oil prices hit a snag sky high!
First quarter GDP growth within targets: Central Bank
Parquet to launch hyper market for building material
Kingslake software to increase productivity of tea exporters
Uva Wellasa University architect ends term after trail-blazing adventure in education
New SriLankan Airlines A320 touches down in Colombo
Janaki appointed to World Bank committee on agriculture finance
CB ‘figures’ on war and post war
Maldives pulls out of New7Wonders of nature contest
Behavioural Economics or Social Marketing? The Latter!
Maldives a ‘technology lab’ towards reducing carbon in the world

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution