Sri Lanka's Micro Cars plans IPO next year

Newswire

POLGAHAWELA, Sri Lanka, Sept 26 (Reuters) - Sri Lankan car maker Micro Cars Ltd aims to take advantage of surging interest in stocks to raise about 300 million rupees ($3.1 million) in an initial public offering next year, its officials said on Friday. Sri Lankan companies are flocking to the Colombo market , which is trading at nine-year highs after the government and Tamil Tiger rebels agreed to a truce in a 20-year ethnic war last year. Micro Cars is owned by Transmec Ltd, the agent ...

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