Prime Lands Residencies Limited makes CSE trading debut

CEYLON TODAY | Published: 12:10 AM Jun 9 2021

Prime Lands Residencies Limited (PLR-N-0000) rang the market opening bell today to commence trading on the Colombo Stock Exchange (CSE) at a special fully Virtual Market Opening Ceremony organised by the CSE. The company listed 937,500,000 Ordinary Voting Shares and has been classified under the Industry Group “Real Estate (6010)”.

 Brahmanage Premalal, Group Chairman of Prime Lands Residencies Limited, Ray Abeywardena, Group Managing Director/CEO of Acuity Partners (Private) Limited and Dumith Fernando, Chairman of the CSE spoke at the event. Chairman of the CSE Dumith Fernando congratulated the company on the special occasion “Today marks the listing of a company of Real Estate sector. This sector is under represented on the market capitalisation of the CSE. That makes this listing special as Prime Lands Residencies is coming to the market very successfully. 

Prime Lands Residencies’ IPO was oversubscribed on its first day and raised Rs 1.95 Bn. This is the third listing this year and each of them raised their full fund raising goal within the first day through oversubscription…” Group Chairman of Prime Group, Brahmanage Premalal welcomed the new shareholders to the company and added “I believe that there is no better way of welcoming our shareholders into the organisation than by achieving an oversubscription on the very first day of the issue. Going public is a significant milestone for any business, and we are very proud about this achievement.”

CEYLON TODAY | Published: 12:10 AM Jun 9 2021

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