Nepal Stock Exchange has decided to suspend the share trading of Wean Nepal Laghubitta Bittiya Sanstha Limited from Bhadra 21 due to its acquisition by Swarojgar Laghubitta.
Nepal Stock Exchange (NEPSE) has decided to halt the share trading of Wean Nepal Laghubitta Bittiya Sanstha Limited starting from Bhadra 21. This decision comes as the company is preparing for its final integration phase.
Acquisition and Joint Transaction
The suspension of share trading is happening because Swarojgar Laghubitta Bittiya Sanstha Limited has completed all process to acquiring Wean Nepal Laghubitta. From Bhadra 21, both the companies will start joint transactions under single name of Swarojgar Laghubitta Bittiya Sanstha Limited.
NEPSE Directive and Future Operations
NEPSE stated that they suspended the trading according to Section 9(3) of the Guidelines on Merger and Acquisition of Listed Organized Institutions, 2079. After this acquisition is fully complete, all the business transactions of Win Nepal Laghubitta will officially run under name of Swarojgar Laghubitta.
AI Disclaimer: This article was originally published on https://bajarkochirfar.com. It has been translated with the help of AI. For the best understanding and accurate facts, we recommend reading the original Nepali version.
