The Colombo Stock Exchange (CSE) has taken steps to suspend share transactions of seven listed companies.

This suspension will reportedly come into effect from 02 April, 2018.

The following are the listed companies whose trading will be thus suspended:

• Lanka Cement PLC
• PC House PLC
• PC Pharma PLC
• Ceylon & Foreign Traders PLC
• Standard Capital PLC
• Adam Investments PLC
• Adam Capital PLC

The reason for the suspension of trading is their failure to submit their interim financial reports and annual financial reports during the period stipulated by the CSE.

The CSE states that the suspension of their share transactions would take place if they fail to submit the relevant financial reports on or before 29 March 2018.