HAMA to issue 1:1 right shares; to merge with A or B class financial institution

The 181st BOD Meeting of Hama Merchant and Finance Company Limited (HAMA) held on Baishak 27, 2073 has proposed issuance of Right shares in the proportion of 1:1 to their shareholders which is subject to the approval of its upcoming Special General Meeting. Charm towards the scrips of has increased in the secondary market.  HAMA has constantly hit circuit from the last five trading days. Its last trading price stands at Rs 359. Bhakta Bahadur Karki, CEO of Hama Merchant and Finance Limited said, “we are holding merger talks with Mega Bank, Nepal Bangladesh Bank and couple of Development Banks.” HAMA has not reached any conclusion regarding the merger yet, but it will only merge with A class or B class financial institution, 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.