The initial listing
of JKH, the investment holding company in 1986, was the largest
initial public offering of shares on the CSE at that time. In March
1987, 25 percent of JKH was owned by 2,179 public shareholders with
a market capitalisation of Rs. 110 million. We are pleased that,
today, JKH has over 11,000 shareholders, further broad-basing the
ownership of the company which includes many internationally
renowned foreign institutional funds, who have been long-standing
shareholders, exemplifying, what we believe to be, the value
creation process of the company and the high standards of
governance. At the time of writing this article, JKH commanded a
market capitalisation of Rs. 216 billion, making it the largest
listed company on the CSE. The other companies which form the top
five in terms of market capitalisation are: Ceylon Tobacco Company–
Rs. 207 billion, Dialog Axiata– Rs. 101 billion, Commercial Bank of
Ceylon – Rs. 92 billion and the Distilleries Company of Sri Lanka –
Rs. 84 billion.