Mid Solu Hydropower Basic Shareholder Plans to Sell 100,000 Shares
Summary
Mid Solu Hydropower Limited has disclosed that a major shareholder plans to sell 100,000 shares within the next three months, following SEBON rules on advance notice. The announcement comes amid controversy over share-sale disclosures, with market participants saying such notices can trigger panic selling and sharp price declines.
Key Points
- Mid Solu Hydropower Limited said a major shareholder intends to sell 100,000 shares over the next three months.
- SEBON requires major shareholders selling 5 percent or more of their holdings to notify the company at least 15 days in advance.
- The disclosure rule is being criticized for creating panic selling pressure and depressing share prices.
- Ambika Prasad Poudel and Bishnu Prasad Basyal said the policy should be updated to better protect public investors and retail traders.
