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Subdivision doesn’t change company value but creates liquidity premium

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Jayesinghe was responding to recent amendments to the listing rules of the Colombo Stock Exchange that call upon companies to maintain the theoretical price of a share post subdivision being equal to the minimum tick size of the automated trading system. Jayesinghe was of the view that the recent amendments do not impede the functioning of a free and fair market. Jayesinghe was speaking on November 3 on the sidelines of an event. Jayesinghe noted that through subdivision companies do create some value to shareholders.

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