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. |
E-mail
