COLOMBO May 12 Hong Kong-based brokerage and
investment firm CLSA has paid $2 million for 25 percent of Sri
Lanka's CT Smith Holdings Ltd, a subsidiary of listed CT
Holdings PLC, officials said on Monday.
CLSA will distribute research products by the CT Smith while
subsidiaries of both companies will work on client
relationships, execution, global and local market insights and
"Sri Lanka is one of the easiest markets for foreigners to
operate in among the frontier markets in Asia," said Donald
Skinner, CLSA's global chief operating officer.
However, he said liquidity in shares will be the major issue
in Sri Lanka's $20 billion bourse for foreign investors to buy
and exit when they want.
(Reporting by Shihar Aneez; Editing by Matt Driskill)