Hama Merchant & Finance declares 12% stock dividend

Hama Merchant & Finance Limited (HAMA) has decided to distribute 12 percent bonus share and 0.63 percent cash dividend for tax purpose to its shareholders from the net profit it earned in the last fiscal year 2072/73. The decision is subjected to approval from Nepal Rastra Bank and the finance company’s upcoming Annual General Meeting (AGM). In the fiscal year 2071/72, HAMA had distributed 10.5 percent bonus share to its shareholders. Hama Merchant & Finance earned net profit of Rs 2.96 crore in the fourth quarter of the fiscal year 2072/73 as per unaudited report. It’s paid up capital stands at Rs 22.10 crore and after the issuance of 12% bonus share the paid up capital will rise to Rs 24.75 crore. Recently, Civil Bank and Hama Merchant signed an agreement for the acquisition process. Hama Merchant & Finance trading has been suspended in Nepal Stock Exchange Limited (NEPSE) for the acquisition process. Earlier, investors have reported at Securities Board of Nepal stating that the company has fraud them with fake rumors and propagandas regarding its 100% right share  and not conducting Special General Meeting (SGM).