Gandaki Bikas Bank SGM on Poush 29; to approve merger with Fewa Bikas Bank
Thu, Dec 29, 2016 8:00 AM on Latest, Featured, AGM/Special AGM, Stock Market,
Gandaki Bikas Bank Limited (GDBL) will be convening Special General Meeting (SGM) on Poush 29, 2073. The SGM will be held at Hotel Barahi, Lakeside Pokhara at 9:30 AM.
The main agendas of the SGM are:
- To approve the merger/acquisition process of Gandaki Bikas Bank with Fewa Bikas Bank Limited, prepare Due Diligence Audit (DDA) report and fix Share Swap Ratio for the merger process.
- To approve the swap ratio fixed by the Due Diligence Audit (DDA) report prepared.
- To endorse the appointment and wage of DDA auditor appointed by the merger committee for the purpose of making the DDA report, 5 years business plan and projection of the merged entity.
- To replace the existing Board of Directors (BOD) and appoint new BOD members.
- To authorize BOD for necessary for merger/acquisition process of the newly merged bank named ‘Gandaki Bikas Bank Limited’ with other Bank and Financial Institution (BFI).
