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Wednesday, June 3, 2009

NDB's shares suspended on liquidity news

Category:
Nepal Stock Exchange has suspended the trading of "Nepal Development Bank" and "Nepal Development Bank Limited Promoter Share" as the liquidation news of the company flared in.

Nepal Rastra Bank (NRB) decided to send the long-troubled Nepal Development Bank into liquidation after concluding that all its five-year long efforts to revive the bank failed owing to incompetent and defiant management.
Source:
Jamb News Service

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