Sahayogi Bikas Bank trading suspended in NEPSE for delaying AGM notice

Trading of Sahayogi Bikas Bank Limited (SBBLJ) has been suspended today in Nepal Stock Exchange Limited (NEPSE). As per the notice published in NEPSE, “The security Sahayogi Bikas Bank has been now suspended for the inquiry purpose.” Murahari Parajuli, Spokesperson of NEPSE said “The share transaction of the company has been halted as the company delayed in providing information about AGM to NEPSE. We have suspended the trading of the development bank for now until the end of inquiry.” As per the AGM notice published today in NEPSE, the 14th AGM is stated to be held on Poush 15, 2074. The bank will be endorsing 20% bonus share and 4.50% cash dividend including tax from the net profit of FY 2073/74.