Live Breaking News & Updates on Chairman Premalal Brahmanage

Following the debut of Prime
Lands Residencies’ Initial Public Offering (IPO) yesterday (11), the company’s
oversubscription forecasts proved to be true as the initial 100 million shares
were purchased in record time. The Board of Directors have decided to exercise
the option to issue up to a maximum of a further 87.5 million shares as set out
in the Prospectus. In line with this the Issue will be closing at 4.30pm today
(12 May 2021) and application forms will be accepted until such time.
These investors stand a dual
benefit from the growth of both the real estate market, and the share market,
which has also seen highly positive growth forecasts over the turn of the year ....

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