Hotel Parkland Appoints Citizens Capital as Issue Manager for Upcoming IPO
Summary
Citizens Capital Limited is appointed as the issue and sales manager for Hotel Parkland Limited’s upcoming IPO, supporting its expansion and tourism growth in Chitwan.
Key Points
- Citizens Capital Limited has been appointed as the issue and sales manager for Hotel Parkland Limited’s forthcoming IPO.
- Hotel Parkland operates in Sauraha, Chitwan, with 32 rooms and plans to expand to 105 rooms and upgrade to a four-star property.
- The IPO marks Hotel Parkland’s entry into Nepal’s capital market and seeks SEBON approval for share issuance.
- The expansion aims to boost tourism-led economic growth in Chitwan through job creation and improved services.
