AAF opens branch in Kilinochchi

Asia Asset Finance Limited [AAF] opened a branch in Killinochchi recently. The company commenced trading in the Colombo Stock Exchange on January 10 and was listed in the Diri Savi Board of the SEC as per the regulatory requirements.

The share priced at Rs 2.50 at the IPO reached an unprecedented Rs 8.60 in the first week of trading in a declining stock market, proving that AAF is an unconventional Finance Company.

As presented in the Business Plan of the IPO Prospectus, Killinochchi is the first branch opened in 2012 along with other proposed branches in Kalmunai, Ampara, and Mullaitivu to commence operation in due course With its expansion, the company plans to cover the entire North and East region.

The company also hopes to support the Government’s initiative of rapid development in the area to revive the livelihoods of people who are in dire need of, financing for development.