Last day to apply 30% right share of Century Commercial Bank; offer ends today

Existing shareholders have one more day left to file for 10:3 (30%) right shares of Century Commercial Bank Limited (CCBL).The bank has been issuing right shares from Bhadra 5, 2073 and today is the closing day for the same. The bank has been issuing a total 85, 22,400 unit right shares at the face value of Rs 100. The book closure date for 30% right issue was set for Shrawan 18, 2073. Only the shares registered one day ahead of the book closure date i.e. Shrawan 17, 2073 are eligible for the right shares. Civil Capital Market Limited is the issue manager for the right issue. Interested shareholders can collect the application forms from Civil Capital Market Limited, Kathmandu Plaza, Kamaladi, Kathmandu and all branch offices of Century Commercial Bank. After the adjustment of the rights shares, the bank total paid-up capital will reach to Rs 3.69 arba from existing Rs 2.84 arba. The bank has authorized capital of Rs 5 arba. Its public-promoter share structure stands at 54:46 ratio. CCBL has earned net profit of Rs 38.26 crore in fourth quarter of the fiscal year 2072/73. Its last traded price stood (LTP) at Rs 455 as on September 22, 2016.