KATHMANDU, Jan 31: Nepal Stock Exchange (Nepse) has suspended the share transactions of two government-owned listed companies — Rastriya Beema Company and Bishal Bazaar Company Ltd in the secondary market for failing to abide by the government rule.
According to Nepse officials, the authority took action against these two companies after they ignored Nepse’s call to submit their quarterly reports for a long time. Of these, Rastriya Beema Company has not been able to conduct its annual general meeting for the last eight years.
Related story
NIA slaps cash fines of Rs 200,000 against United Ajod Insuranc...
As of Sunday, the stock price of Rastriya Beema Company was Rs 16,670 per unit while that of Bishal Bazaar Company was Rs 2,880 per unit.
