NEPSE suspends trading in shares of Kalika Laghubitta; Company fails to mention time of BOD meeting in its notice

Fri, Jan 4, 2019 11:40 AM on Latest, Stock Market,

Nepal Stock Exchange has suspended in trading of the shares of Kalika Laghubitta Bittiya Sanstha Limited (KMCDB).

The trading was suspended following the non compliance of the directions issued by NEPSE as the company had not mentioned the time of its BOD meeting which proposed the issuance of 75% right shares for its shareholders.

NEPSE has provided a 24 hour ultimatum to the microfinance company to provide the valid reasons for the non compliance. Trading in the shares of KMCDB will be suspended till further notice is received from NEPSE.

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