Sri Lanka’s Colombo Stock Exchange has decided to delist the securities of Ferntea Limited, as the company is in the process of winding up.
Following is the public notice issued by the CSE in regard to the winding up of the firm.
De-listing of Securities of Ferntea Limited (Company)
In terms of Rule 4(2) of the Securities and Exchange Commission of Sri Lanka Rules 2001, the Board of Directors of the Colombo Stock Exchange (CSE) has decided to de-list the securities of the company due to the following reasons, subject to the approval of the Securities and Exchange Commission of Sri Lanka:
1. The trading of securities of the Company has been suspended since 19th December 2008, in view of the order issued by the District Court of Colombo for the winding up of the Company; and
2. The CSE has been notified by the Joint Liquidators of the company that they have reached the final stage of the winding up process and to take appropriate measures to de-list the securities of the Company.
Any person aggrieved by the said decision of the Board of Directors of the CSE may appeal to the Securities and Exchange Commission of Sri Lanka within 14 days from the date hereof.
29th May, 2012.
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