Weather SEBO vouches Radisson’s listing
FROM
ISSUE #43 (18 MAY 2001 - 24 MAY 2001)
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The Security Exchange Board (SEBO) wrote to the Nepal Stock Exchange (NEPSE) last week asking it to complete the process for listing Nepal Oriental Hotels Limited (which runs Radisson Hotel), pending since mid-February. The listing process was delayed after the NEPSE discovered that the information in the issue prospectus and that in the audit reports submitted with its application did not match. SEBO has told NEPSE to list the company but bar its shares from being traded until the necessary financial disclosures are made.
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