Global IME Bank SGM today; to acquire Pacific Dev. Bank

Wed, Dec 14, 2016 9:51 AM on Latest, Featured, AGM/Special AGM, Stock Market,
Global IME Bank Limited (GBIME) is convening its Special General Meeting (SGM) today (Mangsir 29, 2073). The SGM is being held at Nepal Pragya Pratisthan, Kamaladi, Kathmandu at 11: 00 AM. The main agendas of the SGM are:
  • To approve the acquisition of Pacific Development Bank Limited by Board of Director.
  • To approve the Share Swap Ratio on the basis of Due Diligence Audit DDA for the acquisition process of Pacific Development Bank Limited by Global IME Bank Limited.
  • To authorize BOD for necessary amendment after paid up and issued capital of the bank increases along with acquisition of Pacific Development Bank and to amend article of association accordingly.
The register of the shareholders was closed on Mangsir 17, 2073 for one day. Global IME Bank has earned net profit of Rs 41.67 crore in the first quarter of the current fiscal year 2073/74.