The Initial Public Offering (IPO) of 75 million ordinary voting shares and 52 million ordinary non-voting shares of LAUGFS Gas Limited has been oversubscribed several times yesterday. LAUGFS Holdings Chairman W K H Wegapitiya said the oversubscription of the IPO on the opening day is encouraging. “This is a testimony for a real public issue as people from rural areas including from the North and East have also applied to be a part of our company. People are actively harnessing the benefits of the peace and the company,” he said. There will be a huge transformation in the company as many projects are to be launched. We expect that the listing will create a better chance for our customers and all Sri Lankans to share the wealth ..
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