Colombo bourse on course to demutualise in 2017

The move, expected early next year, is a key first step to improve governance and prepare for a listing as the bourse looks to introduce Reits and ETFs and become a regional hub.

Sri Lanka is on target to demutualise its national stock exchange by early next year to help improve transparency and corporate governance and facilitate a listing, the bourse's head said on Wednesday. 

In an exclusive interview with FinanceAsia, Vajira Kulatilaka, chairman of the Colombo Stock Exchange, outlined his vision to develop the exchange with new products and a change of structure.

“We would like to eventually follow the paths of the Australia, Hong Kong, and Singapore exchanges to make ourselves a public company,” he told FinanceAsia at the Sri Lanka Investment Summit.

At present the Colombo Stock...

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