A Japanese fund management company, VEC Investment (Value Ethics Contraction) visiting Sri Lanka this week to examine investment opportunities said that they are setting their sights on forming an initial public offering (IPO) ‘fund’ dedicated to Sri Lanka in a bid to lure Japanese investors into investing in local equities market in addition to listed firms in the Colombo Stock Exchange (CSE). “We’ll set up a ‘Sri Lanka IPO fund’ by June and we want to facilitate Japanese firms or investors to come into the Sri Lankan share market through this,” Toshiaki Tanaka, President VEC told the Business Times.
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