Kabeli Bikas Bank to acquire Mount Makalu in share swap of 100:88 & issue 118% right share; SGM today
Mon, Dec 25, 2017 10:16 AM on Latest, Featured, AGM/Special AGM, Stock Market,
Kabeli Bikas Bank Limited (KEBL) is convening Special General Meeting (SGM) today i.e. Poush 10, 2074. The SGM is being held at Chip and Best Bakery, Dhankuta at 11:00 AM.
The main agendas of the SGM are:- To endorse the decision for acquisition and provide final authority for acquisition of Mount Makalu Development Bank Limited (MMDBL).
- To approve Due Diligence Audit Report for the share swap ratio of 100:88.
- To appoint auditor for acquisition and fix the necessary charges for the auditing company.
- To endorse decision of Due Diligence Audit Report, Memorandum of Understanding and Final Scheme of Arrangement.
- To provide authority to the Board of Directors (BOD) regarding the work to be done for acquisition and necessary amendment as required.
- To increase the working area of the bank.
- To issue 118% right share and provide authority to the BOD for issuance of the same.
- To increase authorized, issued and paid up capital of the company.
- To endorse decision for the acquisition and provide final authority for acquisition with Kabeli Bikas Bank Limited (KEBL).
- To approve Due Diligence Audit Report for the share swap ratio of 100:88.
- To appoint auditor for acquisition and fix the necessary charges for the auditing company.
- To endorse decision of Due Diligence Audit Report, Memorandum of Understanding and Final Scheme of Arrangement.
- To provide authority to the Board of Directors (BOD) regarding the work to be done for acquisition.
- To provide authority to BOD for the nomination of 2 directors.
