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Companies Start Reform for Listing Interest

Companies Start Reform for Listing Interest
Sunil Datt enjoys what he does and has been selling produce for the last nine years. Photo: Karalaini Tavi.
August 14
08:06 2014

A few companies have started the restructure and the works that are required for listing on the South Pacific Stock Exchange, chief executive Jinita Prasad revealed.

She said this during the South Pacific Stock Exchange (SPSE) one-day seminar for the West especially for investors looking for high rates of returns. held at Tanoa Waterfront Hotel in Lautoka yesterday.

Ms Prasad said: “We have been in talks with private companies especially since the reduction of corporate tax rate from 20 per cent to 10 per cent.

“Private companies can list their shares on the stock market with minimum shares of 20 per cent for investors.”

At the seminar, it was noted that there were genuine investors attending such seminars in the West and has seen an increase in the number of registrations.

“There is a higher rate of conversion from interest to investment in the West compared to the Central Division,’’ she said.

She said this is due to the eagerness and the urgency of West investors in taking advantage of the benefits of investing which is a good hedge against inflation.

“Dividends on shares from the listed securities are tax free for residents and capital gains tax exempts SPSE listed securities when selling shares.”

Ms Prasad outlined savings and investing tips, how to achieve investment goals, evaluating risks and returns and also the value of starting early.

West investors were also given an insight on the general concept of saving, budgeting and investing to meet financial goals.

Currently there are 18 companies listed with SPSE securities list.

Feedback : sheik.dean@fijisun.com.fj

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