Regional Interest There For Listing On SPSE
The South Pacific Stock Exchange has received some regional interest from companies wanting to list on the stock market.
SPSE chief executive, Latileta Qoro, confirmed there has been some interest shown by some companies from PNG who have subsidiaries in Fiji.
But, she said, that was subject to further discussions.
Ms Qoro made these comments yesterday during the SPSE Annual Listing Forum held at the Grand Pacific Hotel in Suva.
The forum is an annual awareness initiative designed and offered free of charge for those who want to find out more about the ‘Why’ and ‘How’ of listing on the SPSE.
Ms Qoro stressed: “Efforts are being made to attract regional companies and that is something that we are wanting to do moving forward.
“But we have to be mindful the stock exchange in Fiji is quite small in terms of the number of people who work here.
“We need to forge partnership with other entities and corporate advisers in the region to get and try them to raise awareness on our behalf.
“The environment is right to list now and the companies that are interested, it would benefit them greatly to talk to the stock exchange and talk to Reserve Bank of Fiji to see what the options are.
“Listing can definitely increase or unlock the value of a company but there are also lucrative tax incentives and like the 10 per cent corporate tax rate which could lead savings for companies.”
Response to forum
Ms Qoro said they have received quite a bit of interest arising after the past year’s forum and some interest has been there in the past in terms of listing on the stock exchange.
“I think the companies are just waiting for other companies to test the water because incentives are there but no one has fully tested it,” she said.
With the listing of Vision Investments Limited, Ms Qoro is confident of seeing more companies getting listed.
She confirmed there is one more company planning to make a public announcement next month to go public.
Edited By: RACHNA LAL