Many foreign bankers and foreign fund managers have met up with top Sri Lankan corporates during the past three months in a bid to channel funds into these firms, according to those who met the visiting officials. “HSBC Capital, JP Morgan and Emirates NBD were amongst them and they met some top corporates,” a listed [...]

The Sundaytimes Sri Lanka

HSBC Capital, JP Morgan, Emirates NBD in talks with top corporates

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Many foreign bankers and foreign fund managers have met up with top Sri Lankan corporates during the past three months in a bid to channel funds into these firms, according to those who met the visiting officials.

“HSBC Capital, JP Morgan and Emirates NBD were amongst them and they met some top corporates,” a listed company chairman told the Business Times.

Foreign funds and mangers including Europe-based ones operating out of Hong Kong and Singapore have also come to Sri Lanka and they were exploring partnerships, strategic stakes and extend funding lines to local firms, he said.

“Invest Sri Lanka” Investor Forum which was held in Hong Kong recently has showcased the economic growth prospects and investment opportunities in Sri Lanka’s capital market have lured some of these foreign entities, he said. The forum attracted over a 100 participants, including institutional and high net worth investors, and fund managers.

Eleven leading listed companies from Sri Lanka namely John Keells Holdings PLC, Commercial Bank of Ceylon PLC, DFCC Bank, Distilleries Company of Sri Lanka PLC, Nations Trust Bank PLC, Dialog Axiata PLC, Hayley’s PLC, Ceylinco Insurance PLC, Access Engineering PLC, People’s Leasing & Finance PLC, and Tokyo Cement Company (Lanka) PLC participated at the forum.

The listed company chairman said that a similar forum scheduled in Singapore next month will also attract investment.

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