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Sri Lanka’s Colombo Dockyard has successfully listed 323,365,158 new ordinary voting shares following a rights issue. The company announced in a stock exchange filing that it raised 12,934,606,320 rupees through this initiative.
The stock saw an increase, trading up by 5.75 rupees at 114. Notably, the controlling shareholder, Onomichi of Japan, has declared its intention to renounce its entitlement in favor of India’s Mazagon Dock Shipbuilders Limited.
(Colombo/Jan20/2026)
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FINANCIAL CHRONICLE – Sri Lanka’s Colombo Stock Exchange closed up on Tuesday, as US President Donald Trump claimed discussions were on over a ceasefire with Iran. “Interestingly, the market spiked at the start of the day and held its value throughout trading,” said Raynal Wickremeratne, Head of Strategy at Softlogic Stockbrokers. The All Share Price
FINANCIAL CHRONICLE – LankaPay, Sri Lanka’s national payment network, has integrated with Weixin Pay (WeChat Pay), allowing Chinese tourists to make payments at over 400,000 merchants across the island using their local digital wallets. The move, aimed at capturing the Chinese travel market, enables tourists to scan any LankaQR code at local vendors, ranging from
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