National Hydro Power Company Ltd. has resumed its transaction from today. SEBON suspended the trading of NHPC after it encountered a complaint against the deceptive act of NHPC. The company was charged for distributing the unsubscribed right shares unlawfully which it had issued on 28th July, 2008.
On 26th May NHPC made a press release, clarifying all its proceedings as lawful. NHPC confirmed that it has not breached any legal edges while performing any of the activities. esumption approval was given after the explanation was found satisfactory.
Source:
Jamb News Service
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Friday, May 29, 2009
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