Business

Interest Generated for Market Listing

MARAIA VULA SUVA The reduction of corporate tax rate to 10 per cent for companies listed on the South Pacific Stock Exchange has yielded some interest from various companies. Stock
31 Jul 2014 07:55

MARAIA VULA
SUVA

The reduction of corporate tax rate to 10 per cent for companies listed on the South Pacific Stock Exchange has yielded some interest from various companies.
Stock exchange chief executive, Jinita Prasad, confirmed this.
But, she said the general feeling was to wait till after the elections to actually get into corporate action such as listing.
Ms Prasad stressed this was an ideal time for a company to be looking at the stock market for capital raising.
“This is because there is obviously an appetite to take up more shares which is much more visible and present,” she said.
“Yes we have been talking to a number of companies who have shown some interest in terms of listing and capital raising in the stock market.”
Ms Prasad addressed over 100 people at the De Vos on the Park in Suva who attended the stock exchange’s lunch-hour seminar to learn more about investing.
“As you can see from the lunch seminar, there are so many people interested to participate in today’s stock market,” she said.
“This is not only for retail investors but at institutional level and high net of individuals which we get feedback from the stock brokers and investment advisors.”




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