Nepse suspends trading of Hama Merchant & Finance due to wrong calculation in bonus share

The trading of Hama Merchant & Finance Limited (HAMA) is suspended in Nepal Stock Exchange Limited (NEPSE) from today. The trading of HAMA has been suspended in NEPSE as per the request from CDS and Clearing Limited (CDSC). According to an official of CDSC, ‘Civil Capital Market Limited, the RTS of Hama Merchant & Finance Company did wrong calculation in the distribution of 10.50 % bonus share of FY 2071/72. Also the bonus share allotment has been completed. For that reason CDSC has suspended the trading of HAMA.As soon as the problem is resolved, the trading will be resumed.’ HAMA had a net profit of Rs 2.16 crore in Q3 of the ongoing fiscal year. The company’s paid up capital is at Rs 20 crore and its reserve stands at Rs 8.46 crore in Q3. Its last traded price stood at Rs 342 as on July 17, 2016.