4,657 Sunrise share applications rejected

A dispute has arisen between applicants for Sunrise Bank shares and NMB Bank, the share issue manager, after the issue manger disqualified 4,657applications for 1,173,599 share units, citing serious flaws in the application process. Upendra Paudel, chief executive officer at NMB Bank, said that the disqualification of the applications was not guided by any ill intension but was forced by the serious nature of mistakes made by the applicants.