LTL Holdings Limited has announced that its Initial Public Offering (IPO) will be postponed following instructions from the Securities and Exchange Commission of Sri Lanka (SEC).
- The decision comes after a directive from the Colombo Stock Exchange (CSE) to publish an addendum to the IPO prospectus dated August 29, 2024.
- The SEC, by a letter dated October 01, 2024, has advised the CSE to halt proceedings related to the IPO until the Supreme Court rules on an interim relief sought by the petitioners in case SC/FR/Application No. 263/2024.
- The Supreme Court is expected to address the matter on October 11, 2024.
LTL Holdings had previously amended the prospectus on September 08 and September 30, 2024, but the IPO is now on hold until further notice.
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Last modified: October 5, 2024
