Nepal Stock Exchange (Nepse) has halted share trading of 81 listed companies today as they have not yet paid the annual securities renewal fees.
According to the rule, the listed companies need to pay the yearly renewal fee to the stock exchange by October 17 every year for continuous trading of their secondary shares.
According to the Nepse – the front line regulator – share trading of those companies will be reopened only after they pay their renewal fees. “Of the 81 companies that have failed to pay the annual renewal fees, Nepse has said that a majority are microfinance companies.”
Some 19 microfinance companies, three companies from trading subgroup, two each from hotel and others sub-indices, 11 firms from manufacturing and processing sectors, 18 development banks, two firms from life insurance sub-index, 11 finance companies and 13 from hydropower subgroup are restricted from trading their shares, though the investors have been hit hard due to the negligence of the listed companies.
The listed banks have, however, paid their yearly renewal fees before the deadline, according to the Nepse that halted the share trading of the 81 companies.
According to the rule, the listed companies need to pay the yearly renewal fee to the stock exchange by October 17 every year for continuous trading of their secondary shares.
According to the Nepse – the front line regulator – share trading of those companies will be reopened only after they pay their renewal fees. “Of the 81 companies that have failed to pay the annual renewal fees, Nepse has said that a majority are microfinance companies.”
Some 19 microfinance companies, three companies from trading subgroup, two each from hotel and others sub-indices, 11 firms from manufacturing and processing sectors, 18 development banks, two firms from life insurance sub-index, 11 finance companies and 13 from hydropower subgroup are restricted from trading their shares, though the investors have been hit hard due to the negligence of the listed companies.
The listed banks have, however, paid their yearly renewal fees before the deadline, according to the Nepse that halted the share trading of the 81 companies.
No comments:
Post a Comment