June 22: Chairman of the Securities Board of Nepal (SEBON) Ramesh Kumar Hamal has assured that the trading of shares of any company will not be halted due to merger and acquisition.
Speaking at a press conference held at the board on Tuesday, Chairman Hamal said that a law will be enacted to allow the trading of shares of companies going for merger and acquisition after mid-August.
"After mid-August, we will make arrangements so that the trading of shares of the company going for merger and acquisition will not be stopped. It is not appropriate to mortgage the assets of investors for years,” he said.
Hamal expressed his commitment to implement this law. Stating that the governor was positive about the merger acquisition, he said that there should be no confusion regarding such issues. Hundreds of investors should not be saddened by the mistake made by one or two people, said Hamal.
Chairman Hamal said that the 19-point demand of the investors of share market will be addressed in a phase-wise manner. He also urged the agitating investors and brokers to withdraw their protests. According to Hamal, some of the demands of the protesters need to be addressed by the Nepal Rastra Bank and the Finance Ministry and the board is coordinating with them to resolve the problem.
He also said that the investors need not worry about the bearish trend of the share market because it is mainly due to the liquidity crisis in the banking system at present. According to Hamal, the situation of share market in other countries is also similar to that of Nepal.