Kathmandu. CDS and Clearing (CDSC) has frozen all the shares of Him Star Energy Company.
Him Star had opened the IPO sale for the general public from July 24 to July 15. Earlier in May, the company had issued an IPO for the project-affected locals and Nepalis in foreign employment.
The IPO of Him Star Energy, issued for the general public, was allotted to the office of NIC Asia Capital, the securities sales manager, on July 15. The shares have also been deposited in the demat account of the investors.
CDSC, however, said it had suspended all its shares of Him Star Energy due to a technical snag from NIC Asia Capital. “All shares of Him Star Energy have been withheld for the period of rectifying a technical error,” the CDSC said in a notice today.
Suresh Neupane, information officer of CDSC, said that the shares of Him Star Energy have been frozen after a technical error was found from NIC Asia Capital. “The shares have been stopped on the request of capital so that there is no problem later,” he said, adding, “The technical error is being corrected by the capital.” The shares will be released after the work is over. ’
