Khen Energy Subsidiary Falcon Valley Hydro Secures In-Principle Approval for Colombo Listing
Bitget2026/11/06 00:03- Khen Energy's wholly owned subsidiary Falcon Valley Hydro received in-principle approval on November 1, 2026, to list on Colombo Stock Exchange's Empower Board.
- The listing is tentatively scheduled for November 16, 2026, covering 16,000,000 ordinary shares at a reference price of LKR 31.
- No new shares will be issued or capital raised; the parent will retain 100% ownership at listing.
- The listing would enable Falcon Valley Hydro to own freehold land in Sri Lanka for the group's renewable energy projects.
- A proposed rule would require a 5% public holding across at least 50 public shareholders, with a transition period for compliance.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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