ExpoLanka Holdings have started their corporate advertising, probably hinting that IPO is near - See Daily Mirror of 29th March 2011 page 7. New Board members were also announced on Saturday, with three non-Executive Directors appointed.
Expo had a private placement of shares recently, with JKH, WAPO and LR Global getting shares. Investors should check prices at which these shares were given to selected investors, and if there is a lock-in period, before investing in IPO.