Investors unable to trade Sahayogi Vikas Bank today after book closure for its 35% right issue

Investors will not be able to trade Sahayogi Vikas Bank Limited (SBBLJ) today at Nepal Stock Exchange since its price has not been adjusted for its 35% right shares. Last Friday (Baisakh 15, 2074) was the book closure for the purpose of its upcoming 10:3.5 right shares, but NEPSE has not adjusted its price today. As per an official of Nepal Stock Exchange, SBBLJ did not send official letter to NEPSE before trading hours today. “We just received the letter but we cannot adjust the price now since trading hour has already started. Trading of SBBLJ will only resume tomorrow”, said the official. Last month, NEPSE could not adjust price of ADBL, CCBL, LBL and SANIMA after it suffered technical errors. Likewise, price of Prime Commercial Bank was also not adjusted in January 2017 after book closure for its bonus shares. Sahayogi Vikas Bank is issuing 11.01 units (35%) right shares to its shareholders from Jestha 1 to Ashad 4, 2074. Only those shareholders having shares until last Thursday (Baisakh 14, 2074) are eligible to apply for the right shares. Karnali Bikas Bank price also not adjusted Likewise, NEPSE has also not adjusted the price of Karnali Development Bank Limited (KRBL) after its book closure for 8% bonus and its upcoming AGM. KRBL's price should have been adjusted last Thursday, but NEPSE is yet to do so. These issues have caused continued inconvenience to general investors.