Hama Merchant & Finance SGM on Ashad 1; to endorse 1:1 right share

Hama Merchant and Finance Limited (HAMA) will be convening its Special general Meeting (SGM) on Ashad 1, 2073. The SGM will be held at Baithak Events Venue, Tripureswor, Kathmandu at 11: 00 AM. Main agendas of the SGM are:

• To endorse 1:1 (100%) right shares to its existing shareholders.
• After issuance of right share its issued and paid up capital will increase and amend the article of association accordingly.
• To amend article of association and memorandum of association as per directed by registrar officer or Nepal Rastra Bank.

HAMA had earned net profit of Rs 2.16 crore in the third quarter of fiscal year 2072/73. The company’s paid up capital stand at Rs 20 crore and reserve at Rs 8.46 crore in Q3. After issuance of 100% right share its paid up capital will reach to Rs 40 crore. As per a source privy to the information, HAMA  is holding serious Merger/ Acquisition talk with Mega Bank Nepal Limited (MEGA)  and Nepal Bangladesh Bank Limited (NBB). HAMA Merchant has provided 10.50 percent bonus shares from the net profit earned in the last fiscal year. Its last traded price (LTP) stand at Rs 330 as on May 23, 2016.   Please click here for previous news