Hama Merchant to convene SGM after signing MoU for merger/acquisition

Hama Merchant and Finance Limited  (HAMA) has postponed its Special General Meeting (SGM), which was going to be held on Ashad 1, 2073, until further notice. Bhakta Bahadur Karki, CEO of Hama Merchant and Finance Limited said, “we will be holding SGM after we sign Memorandum of Understanding (MoU) for the merger so the we can endorse merger as well as right shares at once.” The merger/acquisition has not reached any  final conclusions. We are holding close talks with Mega Bank but we have not reached final conclusion yet. We are also having talks with Nepal Bangaldesh Bank (NBB) and Prime Commercial Bank, he added. HAMA had a net profit of Rs 2.16 crore in Q3 of the ongoing fiscal year. The company’s paid up capital is at Rs 20 crore and its reserve stands  at Rs 8.46 crore in Q3. HAMA’s annualized EPS stands at Rs 14.43 and net worth per share is priced at Rs 131.02. HAMA Merchant has provided 10.50 percent bonus shares from the net profit earned in the last fiscal year.