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| Sunday, 24 July 2005 |
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Dialog trading on July 28 Dialog Telekom has released the final and confirmed data pertaining to Sri Lanka's largest IPO which was oversubscribed within one hour on the day of opening on July 7. Shares of Dialog Telekom are expected to commence trading on the Colombo Stock Exchange, on July 28 under the signature "Dial". The Dialog IPO has been confirmed to have established several milestones and performance records on Sri Lanka's capital market, thereby adding a new dimension of dynamism to the Colombo bourse already recognised to be one of the best performing in Asia and the world. In addition to setting several milestones and breaking new ground on the Sri Lankan capital market, Dialog Telekom has been successful in its endeavour to set several best practices and performance standards with respect to IPO implementation in Sri Lanka. The company will commence despatching refund cheques on July 22, which is seven days ahead of the stipulated period permitted by the CSE for the despatch of refunds. Dialog Telekom will set a new IPO standard in making a token interest payment on all cheque based refunds, notwithstanding the fact that the refunds themselves are being made in advance of the stipulated date. Cheque refunds amounting to Rs. 6.3 billion will attract the token interest payment, which the company expects will total to approximately Rs. 6.2 million. |
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