Investors have expressed a concern at Securities Board of Nepal (SEBON) addressing the Special General Meeting (SGM) which was called off by Hama Merchant and Finance Limited (HAMA).The main agenda of the SGM was issuance of 100% right share.
Eariler, the finance company had announced its SGM which was supposed to be held on Shrawan 1, 2073. However the finance company has not conducted SGM showing some special reasons. Also the finance company has not published any date regarding conductionof SGM so far. The SGM was supposed to apporve 1:1 (100%) right share.
Due to the rumor of 1:1 right share, the scrip of HAMA hiked from Rs 220 to Rs 390 per share. Thus investors have complained at the Board stating that the company has fraud them with fake rumors and propagandas.
Investors have demanded to take legal action against the finance company. In addition investors have pleaded the Board to make the finance company conduct its SGM and issue 100% right share soon.
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