Companies urged to list on SPSE
July 4, 2018 7:26 pm
The South Pacific Stock Exchange is urging companies in Fiji to consider listing with them in order to reap the many benefits that’s available.
This comes after Kontiki Finance Limited listed over eighty-eight million dollars in shares yesterday at an initial price of one dollar fourteen cents with the SPSE.
SPSE Chair, Dr Nur Bano Ali says KFL is the first finance company to be listed.
“To KFL in particular listing on the exchange is the most practical approach for you as a company to maintain the financial and managerial discipline, good corporal governance practices and excess to a regulated market. This will allow liquidity in your company shares and also give you the stature of being a listed company.”
Dr. Ali says the main board of the economy of exchange will now encompass a total of twenty companies representing ten sectors of the economy.
She says the total market cap with KFL listing now stands at $2.4billion, representing twenty-four percent as percentage to GDP.