NEPSE Inquiry: Trading Suspension for Taragaon Regency Hotel Limited

Mon, Dec 4, 2023 11:36 AM on Latest, Dividend, Bonus & Rights,

A notice has been published by Nepal Stock Exchange Limited (NEPSE) regarding the halt of trading in the secondary market and the submission of clarification of Taragaon Regency Hotel Limited (TRH).

The board of directors of TRH held a meeting on the 16th Mangsir and the decision regarding the dividend declaration of 2079/80 was made. However, the information was received in NEPSE on the next day, i.e. on 17th Mangsir at 5:15 pm. According to the Securities Listing Regulations, 2075, if notices, information, and decisions affecting securities prices are created, the relevant listed organization must submit them to NEPSE on the same day or the next day before the opening of business.

Since the securities of the company have been suspended for the untimely publication of the notice, NEPSE has asked for clarification within three working days regarding the reason behind it.