29 June 2016 10:25 am
Continuing the trend of exhausting their investors, the AGM rush for entities listed on the Colombo Stock Exchange continues in 2016. Fifty five AGMs and one EGM of publicly listed companies have been scheduled for the period between June 27-30. This would make it extremely difficult for investors with a wide range of investments in the bourse to attend proceedings of AGMs that they wish to. This appears to be somewhat better than the situation last year, where 45 AGMs were held between June 29-30. However, there appears to have been no regulatory intervention despite the issue constantly being brought to the attention of the Securities and Exchange Commission.