Synergy Finance trading suspended in NEPSE following acquisition process by Best Finance

Trading of Synergy Finance Limited (SYFL) has been suspended from today in Nepal Stock Exchange Limited (NEPSE) for the acquisition process by Best Finance Limited. As per the notice published in Nepse today, the security "SYFL" has been now suspended.due to the acquisition process by Best Finance. General Finance Company Limited (GFL)’s Annual General Meeting (AGM) held on Jestha 10, 2074 decided to change the name of the company to Best Finance Company Limited. Best Finance has been issuing 1:1.25 (125%) right share to its shareholders from Bhadra 27, 2074. Its current paid up capital remains at Rs 13.22 crore. After issuance of this 125% right share, its paid up capital will reach Rs 29.75 crore. It has authorized capital of Rs 30 crore. Best Finance has earned net profit of Rs 2.86 lakh in the fourth quarter of the FY 2073/74. SYFL’s current paid up capital stands at Rs 47.44 crore. After issuance of 70% right shares, its paid up will reach to Rs 80.64 crore. It has earned Rs 18.11 crore in the fourth quarter of the FY 2073/74.