National Hydro power trading resumes

KATHMAND, JUNE 26:

Nepal Stock Exchange (Nepse) has once again withdrawn the trading suspension of National Hydropower Company Ltd’s shares following the Patan Appellate Court’s direction. Following the move, the hydro company’s 11,640 shares were traded at Rs 60 per unit today at Nepse. The company was suspended by Nepse on July 26, 2012, on the recommendation of Securities Board of Nepal, for its failure to hold annual general meetings and constant infighting among directors. In the second week of April, its suspension had been withdrawn but the disagreement between the directors had led to shares being taken out from trading.

Source: THT