Fizel Jabir
Browns Beach Hotels PLC (BBH) ended trading on the Colombo Stock Exchange yesterday ( 27) with suspension effective from today . The voluntary delisting follows sustained losses since 2019, a negative net asset position, and failure to meet CSE listing rules, including minimum public holding. Minority shareholders are offered a voluntary exit price of LKR 30.00 per share. BBH cited sustained losses, a weak outlook for profitability and continued non-compliance with listing requirements.
Source : Daily News
