Omstone Hotels Limited, which operates Dusit Thani Himalayan Resort, is planning to launch an initial public offering (IPO). The company has appointed a sales manager to manage the IPO process.
Citizens Capital Limited has been selected as the sales manager. Today, both companies signed an agreement to formalize the appointment. The agreement was signed by Ramesh Kumar Hamal, executive director of Omstone Hotels Limited, and Sabir Bade Shrestha, CEO of Citizens Capital Limited.
Under this agreement, Citizens Capital will manage the public issuance of shares for Dusit Thani Himalayan Resort.
The signing ceremony was attended by the founder of the resort and foreign investor Vishnu Mor. Their presence highlights the importance of the IPO.
