NEPSE halts trading is security of Kankai Bikas bank Limited; decision comes after acquisition agreement with Prime Commercial Bank Limited
Thu, Jun 6, 2019 2:03 PM on Latest, NEPSE News,
Nepal Stock Exchange Limited (NEPSE) has published a notice regarding suspension in trading of Kankai Bikas Bank Limited (KNBL).
As per the notice received on 22nd Jestha, 2076, Prime Commercial Bank Limited (PCBL) has agreed to acquire KNBL and the Memorandum of Understanding (MoU) regarding the same has been duly signed by both the parties. Citing this reason, NEPSE has halted trading in securities of KNBL from 23rd Jestha, 2076 i.e. today until further notice.
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