Sebon suspends dividend distribution

 The Securities Board of Nepal (SEBON) has suspended the decision of NABIL Mutual Fund to distribute 5.5 percent cash dividend to the subscribers of NABIL Balance Fund -1.

Sebon took the decision saying that the the company’s audit report for the first 8 months of the current fiscal year is not appropriate.

Sebon has said the company can distribute dividend only on the basis of annual audit report.

source: republica, 12 may 2014
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