Lord Buddha Finance special meet

KATHMANDU, MAY 28: 

Lord Buddha Finance (LBF) held its special general meeting on Sunday. The meet approved the company’s proposed merger with Global Bank and IME Financial Institution. The meet also decided to appoint an auditor to look into the company’s due diligence audit (DDA) and the merger process. The meet approved the proposed swap ratio of 10:7 that was prepared by the bank under the DDA. The meet also decided to forward the memorandum of understanding to the board of directors signed between the institutions on May 3 regarding the merger process. 

Source: THT